Peru: Request for a Stand-By Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 226

Publication date: July 2004

ISBN: 9781451831061

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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , government , GDP , Peruvian authorities , Peru , pension regime , inflation-targeting framework , authorities' goal , targeted public-private partnerships , exchange rate , program summary , Public sector , International reserves , Global

Also of interest

Spain

Grenada

Nepal

Peru

Summary

This paper examines Peru’s Request for a Stand-By Arrangement (SBA). Performance under the 2002–03 SBA was satisfactory. This performance provides a solid basis for continuing with policies aimed at maintaining macroeconomic stability. The authorities are requesting a 26-month SBA covering the period through August 2006, when a new administration is scheduled to take office. They consider that continued IMF support for their program would help anchor economic policymaking and improve investor sentiment. To boost economic growth and promote employment, the authorities are committed to implementing a broad set of structural reforms.