Peru: Selected Issues

June 28, 2017

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Format: Chicago

Peru: Selected Issues, (USA: International Monetary Fund, 2017) accessed September 27, 2024

Summary

This Selected Issues paper presents an overview of the financial deepening achievements and challenges in Peru. Although substantial progress has been made on various indicators of financial deepening, Peru lags regional and income peers in several respects. Peru’s overall financial development index is modest, and its stage of financial depth does not fully align with domestic fundamentals. Private credit to GDP at about 40 percent of GDP is one of the lowest in the region, and below the expected level for a country at Peru’s income and population. Studies also show that Peru has a negative gap in the depth and efficiency of financial institutions, which could reflect weak frameworks for obtaining or seizing collateral.

Subject: Budget planning and preparation, Expenditure, Financial inclusion, Financial markets, Fiscal policy, Fiscal rules, Medium-term budget frameworks, Public financial management (PFM)

Keywords: Africa, Bank, Budget planning and preparation, CR, E-money product, Financial inclusion, Financial institution, Financial institution data, Fiscal rules, Global, Government, ISCR, La Nacion, Medium-term budget frameworks, Superintendencia de Banca, Z financial institution variable

Publication Details

Pages:

22
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/167
Stock No:

1PEREA2017002
ISBN:

9781484305232
ISSN:

1934-7685

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