Peru: First Review Under the Stand-By Arrangement and Requests for Modification of Performance Criterion and Waiver for Nonobservance of Performance Criterion
March 7, 2007
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The staff report for the First Review Under the Stand-By Arrangement and Requests for Waiver of Performance Criterion and Waiver for Nonobservance of Performance Criterion highlights Peru’s policy discussions and staff appraisal. A draft law was prepared with a view to establishing sanctions for noncompliance with the law’s fiscal deficit target. Monetary policy continues to be managed prudently within the inflation-targeting framework. The central bank expects dollarization to gradually decline as a result of sound economic policies and strong bank supervision.
Subject: Central banks, Currencies, Economic sectors, Expenditure, External debt, International reserves, Pension spending, Public debt, Public sector
Keywords: authority, CR, executive board discussion, Global, government resource management, International reserves, ISCR, pension regime, Pension spending, Peruvian authorities, private sector investment, Public sector
Pages:
62
Volume:
2007
DOI:
Issue:
099
Series:
Country Report No. 2007/099
Stock No:
1PEREA2007003
ISBN:
9781451831115
ISSN:
1934-7685
