Peru: Staff Report for the 2010 Article IV Consultation

International Monetary Fund

No 2010/098, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2010 Article IV Consultation highlights that growth in Peru decelerated sharply in 2009, owing to the global financial crisis, but remained positive at about 1 percent for the year, despite a few months in negative territory. Thanks to the strong buffers built in recent years, Peru was able to implement a significant monetary and fiscal policy response, which helped to avoid a credit crunch, support domestic demand, and sustain employment. The central bank injected substantial liquidity in the financial system and lowered the policy rate to an historic low of 1.25 percent.

Keywords: ISCR; CR; Peru; debt; private sector; central bank; inflation expectation; short-term debt; credit crunch; capital market; macro-economic indicators; Peruvian economy; Public sector; Currencies; Fiscal stance; Global (search for similar items in EconPapers)
Pages: 67
Date: 2010-04-23
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Citations: View citations in EconPapers (60)

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