Peru: 2006 Article IV Consultation and Request for Stand-By Arrangement—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru

February 6, 2007

Preview Citation

Format: Chicago

Peru: 2006 Article IV Consultation and Request for Stand-By Arrangement—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru, (USA: International Monetary Fund, 2007) accessed November 22, 2024

Summary

The 2006 Article IV Consultation with Peru and request for a Stand-By Arrangement highlights that the Peruvian economy has been reaping benefits of sound policies in a favorable external environment. The new government remains committed to sustaining fiscal consolidation to entrench macroeconomic stability while boosting infrastructure and social spending to decisively reduce poverty. Executive Directors commended the progress made in identifying foreign exchange-related credit risks in the banking system, and encouraged the authorities to implement their reform agenda aimed at reducing risks from dollarization.

Subject: Central banks, Currencies, Economic sectors, External debt, International reserves, Money, Public debt, Public sector

Keywords: CR, Currencies, Currency risk, Executive board discussion, Foreign currency, Global, Government, Growth-enhancing reform, Inflation targeting framework, International reserves, ISCR, Public sector, Staff appraisal

Publication Details

Pages:

102
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/054
Stock No:

1PEREA2007002
ISBN:

9781451831108
ISSN:

1934-7685

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