Peru: Third Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru

International Monetary Fund

No 2008/258, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses key findings of the Third Review for Peru and Inflation Consultation Under the Stand-By Arrangement. All performance criteria for end-December 2007 and end-March 2008 were observed, but inflation in March exceeded the upper limit of the program’s consultation band around the official inflation target range. The end-March structural benchmark was observed and progress has been made on end-June benchmarks. The outlook for 2008 remains favorable, with the economy continuing its strong momentum, as downside global risks are buffered by improvements in fundamentals and prudent policies.

Keywords: ISCR; CR; inflation expectation; poverty alleviation strategy; risk; staff; assessment of the risk; intervention regime; Peruvian inflation; Public sector; Inflation; International reserves; Global (search for similar items in EconPapers)
Pages: 78
Date: 2008-07-30
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