IMF Staff Country Reports

Peru: Third Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru

July 30, 2008

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Format: Chicago

International Monetary Fund. "Peru: Third Review and Inflation Consultation Under the Stand-By Arrangement and Request for Waiver of Applicability of Performance Criteria: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru", IMF Staff Country Reports 2008, 258 (2008), accessed November 7, 2025, https://doi.org/10.5089/9781451831160.002

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Summary

This paper discusses key findings of the Third Review for Peru and Inflation Consultation Under the Stand-By Arrangement. All performance criteria for end-December 2007 and end-March 2008 were observed, but inflation in March exceeded the upper limit of the program’s consultation band around the official inflation target range. The end-March structural benchmark was observed and progress has been made on end-June benchmarks. The outlook for 2008 remains favorable, with the economy continuing its strong momentum, as downside global risks are buffered by improvements in fundamentals and prudent policies.

Subject: Central Banks, Economic sectors, External debt, Inflation, International reserves, Prices, Public debt, Public sector

Keywords: Assessment of the risk, CR, Global, Inflation, Inflation expectation, International reserves, Intervention regime, ISCR, Peruvian inflation, Poverty alleviation strategy, Public sector, Risk, Staff

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