Peru: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

IMF Staff Country Reports, May 11, 2022

Source details

Canonical URL: Peru: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Peru was "hit very hard by the pandemic in 2020" in both health and economic outcomes.
Peru experienced "an equally strong economic rebound in 2021."
Real GDP "surpassed its pre-pandemic level by 2021."

A new administration was inaugurated in July 2021 with a program focused on "reducing inequality and improving social conditions."
The new administration faced "limited support from Congress and lack of cohesion" which "heightened political uncertainty."

"Labor force participation and total employment have not fully recovered" as of 2021 despite GDP recovery.
Poverty "increased significantly in 2020 and, despite some improvement in 2021, remains higher than in 2019."

"On May 27, 2021, the IMF Executive Board completed the mid-term review of Peru’s continued qualification under the Flexible Credit Line (FCL) arrangement."

Subject: Currencies; Economic sectors; Financial institutions; Inflation; International organization; Loans; Monetary policy; Money; Prices; Public debt; Public sector
Keywords: BCRP report; central bank inflation target range; Currencies; Global; headline inflation; Inflation; inflation expectation; Loans; Public sector; staff appraisal
Pages: 93
Volume: 2022
DOI: https://doi.org/10.5089/9798400208232.002
Issue: 137
Series: Country Report No. 2022/137
Stock No: 1PEREA2022003
ISBN: 9798400208232
ISSN: 1934-7685
Publication date on page: May 11, 2022

International Monetary Fund. Peru: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru