Peru: 2006 Article IV Consultation and Request for Stand-By Arrangement—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru
IMF Staff Country Reports, February 6, 2007
Source details
- Canonical URL
- Peru: 2006 Article IV Consultation and Request for Stand-By Arrangement—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru
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Bibliographic details
- Published: February 6, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451831108.002
Key findings and assessment
- The Peruvian economy has been reaping benefits of sound policies in a favorable external environment.
- The new government remains committed to sustaining fiscal consolidation to entrench macroeconomic stability while boosting infrastructure and social spending to decisively reduce poverty.
- Executive Directors commended the progress made in identifying foreign exchange-related credit risks in the banking system.
- Executive Directors encouraged the authorities to implement their reform agenda aimed at reducing risks from dollarization.
Policy recommendations and priorities
- Sustain fiscal consolidation to entrench macroeconomic stability.
- Boost infrastructure and social spending to decisively reduce poverty.
- Implement the reform agenda to reduce risks from dollarization, including measures to identify and manage foreign exchange-related credit risks in the banking system.
Subject coverage and keywords
- Subject: Central banks, Currencies, Economic sectors, External debt, International reserves, Money, Public debt, Public sector
- Keywords: CR, Currencies, currency risk, executive board discussion, foreign currency, Global, government, growth-enhancing reform, inflation targeting framework, International reserves, ISCR, Public sector, staff appraisal