Peru: 2012 Article IV Consultation

International Monetary Fund

No 2013/045, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Peru’s economic performance in 2012. The impressive growth is owed to its strong fundamentals and sound policy management. However, the economy is vulnerable to short-term shocks. A low growth in China or in the United States could hamper Peru’s macroeconomic performance. The Executive Board has identified structural reforms for improving productivity, and recommends proactive use of macroprudential measures to limit financial vulnerabilities in the context of large capital inflows and strong credit growth.

Keywords: ISCR; CR; Peru; private sector; anti-inflationary stance; authority; Peruvian authorities; reserve adequacy; foreign currency; poverty rate; growth shock; Capital inflows; Currencies; Public sector; Global (search for similar items in EconPapers)
Pages: 74
Date: 2013-02-22
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