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Peru: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper describes recent investment dynamics in Peru, and assesses the relationship between private investment and its fundamentals. Over the last decade, average growth in Peru exceeded 6 percent, anchored by a substantial contribution from investment. A series of structural reforms in the 1990s, growing political stability, and the implementation of a solid macroeconomic framework in the early 2000s set the stage for this investment boom. Actions were also taken to strengthen public investment implementation and to enhance the overall investment climate. Now that commodity prices have softened and interest rates are expected to rise, addressing the next generation of structural reforms will be crucial to sustain investment and growth.

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  • International Monetary Fund, 2015. "Peru: Selected Issues," IMF Staff Country Reports 2015/134, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/134
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=42957
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    1. Jens Matthias Arnold, 2008. "Do Tax Structures Affect Aggregate Economic Growth?: Empirical Evidence from a Panel of OECD Countries," OECD Economics Department Working Papers 643, OECD Publishing.
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    Cited by:

    1. Aldo Fabricio Ramirez-Zamudio & José Luis Nolazco Cama, 2020. "Assessment of fiscal effort and voluntary tax compliance in Peru," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 12(1), pages 55-88, June.
    2. Gaentzsch, Anja, 2018. "The distributional impact of social spending in Peru," Discussion Papers 2018/7, Free University Berlin, School of Business & Economics.

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