Peru: Staff Report for the 2010 Article IV Consultation

April 23, 2010

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Peru: Staff Report for the 2010 Article IV Consultation, (USA: International Monetary Fund, 2010) accessed November 28, 2024

Summary

This 2010 Article IV Consultation highlights that growth in Peru decelerated sharply in 2009, owing to the global financial crisis, but remained positive at about 1 percent for the year, despite a few months in negative territory. Thanks to the strong buffers built in recent years, Peru was able to implement a significant monetary and fiscal policy response, which helped to avoid a credit crunch, support domestic demand, and sustain employment. The central bank injected substantial liquidity in the financial system and lowered the policy rate to an historic low of 1.25 percent.

Subject: Currencies, Economic sectors, External debt, Fiscal policy, Fiscal stance, Money, Public debt, Public sector

Keywords: Capital market, Central bank, CR, Credit crunch, Currencies, Debt, Fiscal stance, Global, Inflation expectation, ISCR, Macro-economic indicators, Peru, Peruvian economy, Private sector, Public sector, Short-term debt

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/098
Stock No:

1PEREA2010001
ISBN:

9781455206650
ISSN:

1934-7685

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