publication . Article . Preprint . 2008

Peru: Third Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru

International Monetary Fund;
Restricted
  • Published: 30 Jul 2008 Journal: IMF Staff Country Reports, volume 8, page i (issn: 1934-7685, Copyright policy)
  • Publisher: International Monetary Fund (IMF)
Abstract
This paper discusses key findings of the Third Review for Peru and Inflation Consultation Under the Stand-By Arrangement. All performance criteria for end-December 2007 and end-March 2008 were observed, but inflation in March exceeded the upper limit of the program’s consultation band around the official inflation target range. The end-March structural benchmark was observed and progress has been made on end-June benchmarks. The outlook for 2008 remains favorable, with the economy continuing its strong momentum, as downside global risks are buffered by improvements in fundamentals and prudent policies.
Subjects
free text keywords: External shocks;Economic indicators;Economic growth;Fiscal policy;Financial stability;Inflation;Imports;Gross domestic product;Monetary policy;Staff Reports;Poverty reduction;Performance criteria waivers;Risk management;Stand-by arrangements;debt, public sector, interest, external debt, public debt
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