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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Summary:
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.
Series:
Country Report No. 2008/258
Subject:
Central banks Economic sectors External debt Inflation International reserves Prices Public debt Public sector
Frequency:
Annually
English
Publication Date:
July 30, 2008
ISBN/ISSN:
9781451831160/1934-7685
Stock No:
1PEREA2008002
Pages:
78
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