Peru: First Review Under the Stand-By Arrangement and Requests for Modification of Performance Criterion and Waiver for Nonobservance of Performance Criterion

International Monetary Fund

No 2007/099, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the First Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criterion and Waiver for Nonobservance of Performance Criterion highlights Peru’s policy discussions and staff appraisal. A draft law was prepared with a view to establishing sanctions for noncompliance with the law’s fiscal deficit target. Monetary policy continues to be managed prudently within the inflation-targeting framework. The central bank expects dollarization to gradually decline as a result of sound economic policies and strong bank supervision.

Keywords: ISCR; CR; authority; executive board discussion; pension regime; government resource management; Peruvian authorities; private sector investment; Public sector; International reserves; Pension spending; Global (search for similar items in EconPapers)
Pages: 62
Date: 2007-03-07
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