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

July 30, 2008

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

This paper discusses key findings of the Third Review for Peru and Inflation Consultation Under the Stand-By Arrangement. All performance criteria for end-December 2007 and end-March 2008 were observed, but 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 and progress has been made on end-June benchmarks. The outlook for 2008 remains favorable, with the economy continuing its strong momentum, as downside global risks are buffered by improvements in fundamentals and prudent policies.

Subject: 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

Publication Details

Pages:

78
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2008/258
Stock No:

1PEREA2008002
ISBN:

9781451831160
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports