Peru: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

International Monetary Fund

No 2018/225, IMF Staff Country Reports from International Monetary Fund

Abstract: Peru has been one of the top performers in Latin America since the turn of the century: robust growth has helped close the income gap with the largest regional economies and reduce poverty significantly. Last year, however, growth was subpar and the poverty ratio increased. While high commodity prices are an important tailwind, the economy is facing domestic headwinds. The Odebrecht case led to the resignation of President Kuczynski, and the new cabinet has moved quickly to implement various measures and request special legislative powers from Congress. The authorities have also been facing the challenge of rebuilding infrastructure following the extreme weather caused by El Niño in 2017.

Keywords: ISCR; CR; staff appraisal; income tax tax revenue; rate; central bank; potential GDP; headline inflation; liability positions vis-à-vis nonresident; accommodative monetary policy stance; IMF World Economic Outlook; Public investment and public-private partnerships (PPP); Currencies; Loans; Global (search for similar items in EconPapers)
Pages: 84
Date: 2018-07-25
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