Peru: Second Review Under the Stand-By Arrangement: Staff Report; Staff Statement; Press Release News Brief on the Executive Board Discussion; and Statement by the Executive Director for Peru

International Monetary Fund

No 2008/028, IMF Staff Country Reports from International Monetary Fund

Abstract: Peru’s macroeconomic policies continue to be strong under the Stand-By Arrangement (SBA). Executive Directors appreciated the implementation of policies to entrench macroeconomic stability, lower poverty, and lessen vulnerabilities, and also emphasized the need to maintain a prudent fiscal policy stance, implement structural reforms, solidify the fiscal framework, and accelerate the implementation of the antipoverty strategy. They also stressed the need to entrench greater exchange rate flexibility, strengthen the inflation, preserve a prudent role for public banks, and enhance the business environment.

Keywords: ISCR; CR; foreign currency mortgage; inflation expectation; dollar-denominated mortgage; staff appraisal; Executive Board discussion; Public sector; International reserves; Global (search for similar items in EconPapers)
Pages: 80
Date: 2008-01-23
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