Peru: Staying the Course of Economic Success

Books, September 16, 2015

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Peru is highlighted as an example among Latin American countries of successful economic reforms over the past decade.
The book traces Peru's economic journey from a debt crisis in the 1980s to establishing buffers that allowed it to emerge unscathed from the global financial crisis.
The book examines the policy steps Peru undertook to achieve these results and extracts lessons to be learned.
Chapters are written by IMF staff and Peruvian economists.

Institutional and policy reforms that contributed to macroeconomic stability and crisis resilience.
Lessons learned from Peru’s experience in:
- Banking
- Currencies and exchange rates
- Expenditure and fiscal policy
- Foreign exchange and foreign exchange intervention
- Monetary policy and money
- Reserve requirements

Preserve buffers and institutional frameworks that enhance resilience to global shocks.
Maintain sound fiscal and monetary policy frameworks to support stability and growth.
Strengthen financial sector oversight and reserve/requirement policies to mitigate risks.
Continue extracting and applying lessons from past crises (debt crisis of the 1980s and the global financial crisis) to inform policy design.

Subjects: Banking, Currencies, Exchange rates, Expenditure, Fiscal policy, Foreign exchange, Foreign exchange intervention, Monetary policy, Money, Reserve requirements
Keywords: Asia and Pacific, BOOK, Caribbean, Central America, Currencies, exchange rate, Exchange rates, Foreign exchange intervention, Global, government, inflation-targeting framework, nuevo sol, Peru, Peruvian authorities, Peruvian government, potential GDP, Reserve requirements, South America, U.S. dollar

Peru: Staying the Course of Economic Success — International Monetary Fund