Peru: Staff Report for the 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion
May 28, 2004
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This paper examines Peru’s 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion. In 2003, Peru’s real GDP grew by 4 percent, with inflation of 2.5 percent and a further strengthening of the external position. Fiscal reforms have progressed well over the last two years, including the creation of a sound legal framework for fiscal decentralization, improved fiscal transparency, and further pension reforms. The authorities' economic program for 2004 foresees continued economic growth, based on a further recovery of investment and strong export growth.
Subject: Central banks, Economic sectors, External debt, International reserves, Public debt, Public sector, Revenue administration
Keywords: bidding of the concession, CR, executive board review, Global, International reserves, ISCR, Peruvian authorities, Public sector, Quijandria, staff appraisal, Western Hemisphere, Yuncan hydroelectric plant
Pages:
90
Volume:
2004
DOI:
Issue:
155
Series:
Country Report No. 2004/155
Stock No:
1PEREA0022004
ISBN:
9781451831023
ISSN:
1934-7685
