IMF Staff Country Reports

Peru: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Publication Date:

March 27, 2023

Electronic Access:

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Summary:

Against the background of a strong economic performance over the last quarter of a century, Peru has been hit by multiple shocks in the last several years. Adequate policies and very strong policy frameworks have made the economy resilient. Following a steep decline in 2020 at the outset of the pandemic and a rapid recovery in 2021, growth slowed significantly in 2022 as the policy stimulus was withdrawn and external and financial conditions deteriorated. Recent political developments suggest that the new government needs to work across the political spectrum to create broader political consensus, reduce uncertainty, ease social tensions, and boost growth.

Series:

Country Report No. 2023/123

Subject:

International organization Monetary policy

Frequency:

regular