## Peru: Staff Report for the 2000 Article IV Consultation and Request for a Stand-By Arrangement

_IMF Staff Country Reports, March 19, 2001_

## Source details

**Canonical URL:** [Peru: Staff Report for the 2000 Article IV Consultation and Request for a Stand-By Arrangement](https://www.imf.org/en/publications/cr/issues/2016/12/30/peru-staff-report-for-the-2000-article-iv-consultation-and-request-for-a-stand-by-arrangement-3993)

## Other formats

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## Bibliographic details
- Authors: Arrangement Peru's
- Published: March 19, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451830965.002

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### Overview
- Peru's economic performance was influenced by adverse external shocks and political uncertainty.
- The interim government's stated economic objective was to secure macroeconomic stability during the transition to a new government while progressing on structural reforms.

### Executive Directors' assessment
- Welcomed the interim government's economic objective to secure macroeconomic stability in the transition to a new government, while making progress on structural reforms.
- Stressed the need to strengthen:
  - the soundness of the banking system,
  - monetary policy, and
  - fiscal policy.
- Welcomed:
  - the transparency of government operations,
  - the tax administration,
  - the quality of labor market data,
  - the flexible exchange rate system, and
  - an open trade and payments regime.

### Key findings
- External shocks and political uncertainty were central influences on recent economic performance.
- Financial sector soundness required reinforcement to support macroeconomic stability.
- Institutional practices in transparency, tax administration, labor market data, exchange rate flexibility, and openness in trade and payments were seen as strengths.

### Policy recommendations and priorities
- Strengthen the banking system's soundness.
- Reinforce monetary policy frameworks to support stability.
- Consolidate fiscal policy to ensure sustainability during the political transition.
- Continue progress on structural reforms to support medium-term growth.

*Peru: Staff Report for the 2000 Article IV Consultation and Request for a Stand-By Arrangement, March 19, 2001.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/peru-staff-report-for-the-2000-article-iv-consultation-and-request-for-a-stand-by-arrangement-3993_