Peru: Third Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru
IMF Staff Country Reports, July 30, 2008
Source details
- Canonical URL
- Peru: Third Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru
Other formats
Bibliographic details
- Authors: Arrangement, Request
- Published: July 30, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451831160.002
Key findings
- All performance criteria for end-December 2007 and end-March 2008 were observed.
- Inflation in March exceeded the upper limit of the program’s consultation band around the official inflation target range.
- The end-March structural benchmark was observed.
- Progress has been made on end-June benchmarks.
Economic outlook and risks
- The outlook for 2008 remains favorable, with the economy continuing its strong momentum.
- Downside global risks are buffered by improvements in fundamentals and prudent policies.
Thematic coverage
- Subject areas: Central Banks, Economic sectors, External debt, Inflation, International reserves, Prices, Public debt, Public sector
- Keywords: assessment of the risk, CR, Global, Inflation, inflation expectation, International reserves, intervention regime, ISCR, Peruvian inflation, poverty alleviation strategy, Public sector, risk, staff