Peru: Staff Report for the 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion

International Monetary Fund

No 2004/155, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines Peru’s 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion. In 2003, Peru’s real GDP grew by 4 percent, with inflation of 2.5 percent and a further strengthening of the external position. Fiscal reforms have progressed well over the last two years, including the creation of a sound legal framework for fiscal decentralization, improved fiscal transparency, and further pension reforms. The authorities' economic program for 2004 foresees continued economic growth, based on a further recovery of investment and strong export growth.

Keywords: ISCR; CR; Yuncan hydroelectric plant; staff appraisal; Quijandria; executive board review; bidding of the concession; Peruvian authorities; International reserves; Public sector; Global; Western Hemisphere (search for similar items in EconPapers)
Pages: 90
Date: 2004-05-28
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