Peru: Second Review Under the Stand-By Arrangement and Requests for Establishment of Performance Criteria Wavier of Nonobservance of Performance Criteria and Rephasing of Future Disbursements 2005 Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru: Second Review Under the Stand-By Arrangement and Requests for Establishment of Performance Criteria, Wavier of Nonobservance of Performance Criteria, and Rephasing of Future Disbursements—2005 Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru
March 16, 2007
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This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Peru. The economy continued to perform well in 2004. Real GDP grew by 5.1 percent, inflation was 3.5 percent at end-December, and the fiscal deficit of the combined public sector narrowed to 1.1 percent of GDP. However, poverty remains high. The reform of the preferential public pension regime was approved in mid-December, and the authorities are making progress toward awarding transportation infrastructure in concession to the private sector.
Subject: Central banks, Currencies, Economic sectors, External debt, International reserves, Loans, Money, Public debt, Public sector
Keywords: Banco de la Nación, CR, Currencies, executive board discussion, Global, government, government paper, International reserves, ISCR, lending, Peruvian authorities, public debt-to-GDP ratio, Public sector
Pages:
86
Volume:
2007
DOI:
Issue:
110
Series:
Country Report No. 2007/110
Stock No:
1PEREA2007004
ISBN:
9781451831122
ISSN:
1934-7685
