Peru: 2011 Article IV Consultation: Staff Report; Supplement; and Public Information Notice

February 1, 2012

Preview Citation

Format: Chicago

Peru: 2011 Article IV Consultation: Staff Report; Supplement; and Public Information Notice, (USA: International Monetary Fund, 2012) accessed November 22, 2024

Summary

This 2011 Article IV Consultation reports that Peru’s activity is expected to decelerate in 2011–12 to slightly below trend while inflation declines toward the target and the external current account deficit remains contained. Short-term risks are markedly to the downside given global uncertainty. Once international turbulence subsides, strong growth prospects and abundant international liquidity could increase capital inflows. The fiscal policy focus on undertaking the capital expenditures budgeted for 2011 is appropriate. Macroeconomic stability, growth potential, and social inclusion could be strengthened by adopting an ambitious reform agenda.

Subject: Banking, Currencies, Economic sectors, External debt, Financial institutions, Loans, Money, Public debt, Public sector

Keywords: Appreciation expectation, Central bank, CR, Currencies, Exchange rate, Foreign currency, Global, IBRD portfolio status, Inflation prospects, ISCR, Loans, Peru, Private sector, Public sector, Real GDP, Real gross domestic product

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/026
Stock No:

1PEREA2012001
ISBN:

9781463940416
ISSN:

1934-7685

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