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

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Release Date: © July, 2008
ISBN : 978-1-45183-116-0
Stock #: 1PEREA2008002
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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.


Balance of trade , Economic policy , Fiscal policy , IMF governance and operations , Imports , Inflation , International trade , Monetary policy , Operations , Stand-by Arrangements

More publications in this series: IMF Staff Country Reports