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Peru: First Review Under the Stand-By Arrangement and Requests for Modification of Performance Criterion and Waiver for Nonobservance of Performance Criterion

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  • International Monetary Fund

Abstract

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.

Suggested Citation

  • International Monetary Fund, 2007. "Peru: First Review Under the Stand-By Arrangement and Requests for Modification of Performance Criterion and Waiver for Nonobservance of Performance Criterion," IMF Staff Country Reports 2007/099, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/099
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