Peru: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

May 11, 2022

Preview Citation

Format: Chicago

Peru: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru, (USA: International Monetary Fund, 2022) accessed December 22, 2024

Summary

After being hit very hard by the pandemic in 2020, both in terms of health and economic outcomes, Peru experienced an equally strong economic rebound in 2021. A new administration was inaugurated in July 2021 with a program focused on reducing inequality and improving social conditions, but limited support from Congress and lack of cohesion heightened political uncertainty. While real GDP surpassed its pre-pandemic level by 2021, labor force participation and total employment have not fully recovered yet. Poverty increased significantly in 2020 and, despite some improvement in 2021, remains higher than in 2019. On May 27, 2021, the IMF Executive Board completed the mid-term review of Peru’s continued qualification under the Flexible Credit Line (FCL) arrangement.

Subject: Currencies, Economic sectors, Financial institutions, Inflation, International organization, Loans, Monetary policy, Money, Prices, Public debt, Public sector

Keywords: BCRP report, Central bank inflation target range, Currencies, Global, Headline inflation, Inflation, Inflation expectation, Loans, Public sector, Staff appraisal

Publication Details

Pages:

93
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/137
Stock No:

1PEREA2022003
ISBN:

9798400208232
ISSN:

1934-7685

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