Peru: Staff Report for the 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification and Waiver of Performance Criteria

March 14, 2003

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Format: Chicago

Peru: Staff Report for the 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification and Waiver of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 25, 2024

Summary

This paper examines Peru’s 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and a Request for Modification and Waiver of Performance Criteria. The fiscal policy was tightened in early 2002 from the expansionary stance in the second half of 2001. The baseline medium-term outlook is favorable, albeit not without risks. Assuming sound macroeconomic policies and structural reforms continue, Peru should be able to achieve medium-term growth of 5 percent. However, the domestic political situation contains clear risks, potentially holding up tax reform and undermining fiscal discipline.

Subject: Banking, Central banks, Economic sectors, External debt, International reserves, National accounts, Private investment, Public debt, Public sector

Keywords: CR, Economy, Financing plan, Global, Government, Inflation targeting framework, International reserves, ISCR, Private investment, Public sector, Review of Peru, Staff appraisal, Stand-by agreement

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/072
Stock No:

1PEREA0012003
ISBN:

9781451830989
ISSN:

1934-7685

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