Questions in the News
Responses to Questions About IMF Policies and Country Operations
Peru
Last Updated: September 6, 2007| Question: Has the IMF estimated the impact in the Peruvian economy of the August 15 earthquake? Some analysts say it would reflect a 0.5 to 1 percent fall in the national output. |
| Answer:
MR. AHMED: First of all, I should say to you that we have a team that is going to be in Peru in October--a mission is going for the second review under the current Stand-By Arrangement--and they will be able to do a more comprehensive, definitive assessment of the impact, but we do have some preliminary estimates of the economic impact at this point. I should say that in economic terms, looking simply in the narrow sense that you posed the question of the impact on GDP, the preliminary estimates are that the impact is likely to be relatively small, in the range of 0.3 to 0.5 percent. Of course, moving beyond that simple statistic, the government and private-sector efforts to mitigate the impact on the regions directly affected are very important and need to go forward.
September 6, 2007 Transcript of a Press conference by Masood Ahmed, Director of the External Relations Department, IMF |