## Peru: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Peru

_IMF Staff Country Reports, May 27, 2015_

## Source details

**Canonical URL:** [Peru: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Peru](https://www.imf.org/en/publications/cr/issues/2016/12/31/peru-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-42956)

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## Bibliographic details
- Published: May 27, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513539317.002

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### Summary and key findings
- Peru remains one of the best performing economies in Latin America, with solid macroeconomic policies and fundamentals and visible gains in poverty reduction.
- In 2014 Peru faced a challenging external environment characterized by:
  - Lower metal prices.
  - Weaker demand from trading partners.
- External pressures were a major drag on private investment and exports.
- Domestic factors that compounded external shocks in 2014 included:
  - An unexpected drop in subnational public investment level.
  - Temporary supply disruptions in mining, fishing, and agriculture.

### Growth outlook and projection
- Real GDP is projected to expand at about 3.75 percent in 2015, contingent on:
  - Reversal of the supply shocks.
  - Policy stimulus of 2014.
- Growth is expected to rise in 2016–17.

### Subjects and keywords (as listed)
- Subject: Credit, Currencies, External debt, Financial institutions, Loans, Money, Public debt
- Keywords: budget reallocation, CR, Credit, Currencies, Global, inflation expectation, ISCR, Loans, rate, repo operation, staff appraisal, terms of trade shock

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/peru-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-42956_