Peru: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

July 25, 2018

Preview Citation

Format: Chicago

Peru: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru, (USA: International Monetary Fund, 2018) accessed September 20, 2024

Summary

Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year, however, growth was subpar and the poverty ratio increased. While high commodity prices are an important tailwind, the economy is facing domestic headwinds. The Odebrecht case led to the resignation of President Kuczynski, and the new cabinet has moved quickly to implement various measures and request special legislative powers from Congress. The authorities have also been facing the challenge of rebuilding infrastructure following the extreme weather caused by El Niño in 2017.

Subject: Currencies, Expenditure, External debt, Financial institutions, Loans, Money, Public debt, Public investment and public-private partnerships (PPP)

Keywords: Accommodative monetary policy stance, Central bank, CR, Currencies, Global, Headline inflation, IMF World Economic Outlook, Income tax tax revenue, ISCR, Liability positions vis-à-vis nonresident, Loans, Potential GDP, Public investment and public-private partnerships (PPP), Rate, Staff appraisal

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/225
Stock No:

1PEREA2018001
ISBN:

9781484369203
ISSN:

1934-7685

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