Peru: First Review Under the Stand-By Arrangement: Staff Report; Staff Statement Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 241

Publication date: July 2007

ISBN: 9781451831146

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , Banco de la Nación , government procurement procedure , appreciation pressure , financial market condition , Executive Board discussion , consumer confidence , Public sector , International reserves , Global

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Republic of Congo : 2001 Article IV

Peru

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Summary

This paper presents Peru’s First Review Under the Stand-By Arrangement for SDR 172.37 million approved on January 26, 2007. Implementing sound macroeconomic policies and reforms would reduce vulnerabilities, entrench sustainable growth, and reduce poverty, setting the stage for a strong exit from IMF-supported programs and for achieving investment grade. The economic outlook remains favorable, with risks largely dependent on external conditions, most notably related to commodity prices and global financial conditions.