Peru : Staff Report for the 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and Request for Modification and Waiver of Performance Criteria

Author/Editor:

International Monetary Fund

Publication Date:

March 14, 2003

Electronic Access:

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Summary:

This paper examines Peru’s 2002 Article IV Consultation, First Review Under the Stand-By Arrangement, and a Request for Modification and Waiver of Performance Criteria. The fiscal policy was tightened in early 2002 from the expansionary stance in the second half of 2001. The baseline medium-term outlook is favorable, albeit not without risks. Assuming sound macroeconomic policies and structural reforms continue, Peru should be able to achieve medium-term growth of 5 percent. However, the domestic political situation contains clear risks, potentially holding up tax reform and undermining fiscal discipline.

Series:

Country Report No. 03/72

Subject(s):

English

Publication Date:

March 14, 2003

ISBN/ISSN:

9781451830989/1934-7685

Stock No:

1PEREA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

87

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