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
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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.
Series:
Country Report No. 2003/072
Subject:
Banking Central banks Economic sectors External debt International reserves National accounts Private investment Public debt Public sector
English
Publication Date:
March 14, 2003
ISBN/ISSN:
9781451830989/1934-7685
Stock No:
1PEREA0012003
Pages:
87
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