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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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
Pages:
78
Volume:
2008
DOI:
Issue:
258
Series:
Country Report No. 2008/258
Stock No:
1PEREA2008002
ISBN:
9781451831160
ISSN:
1934-7685
