Peru: First Review Under the Stand-By Arrangement and Requests for Modification of Performance Criterion and Waiver for Nonobservance of Performance Criterion
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Summary:
The staff report for the First Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criterion and Waiver for Nonobservance of Performance Criterion highlights Peru’s policy discussions and staff appraisal. A draft law was prepared with a view to establishing sanctions for noncompliance with the law’s fiscal deficit target. Monetary policy continues to be managed prudently within the inflation-targeting framework. The central bank expects dollarization to gradually decline as a result of sound economic policies and strong bank supervision.
Series:
Country Report No. 2007/099
Subject:
Central banks Currencies Economic sectors Expenditure External debt International reserves Pension spending Public debt Public sector
English
Publication Date:
March 7, 2007
ISBN/ISSN:
9781451831115/1934-7685
Stock No:
1PEREA2007003
Pages:
62
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