Peru: First Review Under the Stand-By Arrangement: Staff Report; Staff Statement Press Release on the Executive Board Discussion; and Statement by the Executive Director for Peru
Volume/Issue:
Volume 2007
Issue 241
Publication date: July 2007
ISBN: 9781451831146
$18.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , Banco de la Nación , government procurement procedure , appreciation pressure , financial market condition , Executive Board discussion , consumer confidence , Public sector , International reserves , Global
Summary
This paper presents Peru’s First Review Under the Stand-By Arrangement for SDR 172.37 million approved on January 26, 2007. Implementing sound macroeconomic policies and reforms would reduce vulnerabilities, entrench sustainable growth, and reduce poverty, setting the stage for a strong exit from IMF-supported programs and for achieving investment grade. The economic outlook remains favorable, with risks largely dependent on external conditions, most notably related to commodity prices and global financial conditions.
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