Peru: Recent Economic Developments

International Monetary Fund

No 1996/003, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper describes economic developments in Peru during the 1990s. During 1990–92, real GDP growth was negative by 0.9 percent a year on average, reflecting in part deterioration in the terms of trade and adverse weather conditions. During that period, growth in the construction, manufacturing, and fishing sectors was more than offset by a contraction in the agricultural and mining sectors. Gross domestic investment rose from about 15½ percent of GDP in 1990 to 16½ percent in 1992 mainly on the strength of public sector investment.

Keywords: ISCR; CR; Peru; debt; government; receipt; privatization receipt; long-term debt; bridge financing; Banco de la Nación; rate of inflation; structural adjustment; debt restructuring agreement; short-term debt; Pension spending; International reserves; Public sector; Privatization; Arrears; Europe (search for similar items in EconPapers)
Pages: 104
Date: 1996-02-06
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