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Peru: Staff Report for the 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion

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  • International Monetary Fund

Abstract

This paper examines Peru’s 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion. In 2003, Peru’s real GDP grew by 4 percent, with inflation of 2.5 percent and a further strengthening of the external position. Fiscal reforms have progressed well over the last two years, including the creation of a sound legal framework for fiscal decentralization, improved fiscal transparency, and further pension reforms. The authorities' economic program for 2004 foresees continued economic growth, based on a further recovery of investment and strong export growth.

Suggested Citation

  • International Monetary Fund, 2004. "Peru: Staff Report for the 2004 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Request for Waiver of Nonobservance of Performance Criterion," IMF Staff Country Reports 2004/155, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:2004/155
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=17432
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    Cited by:

    1. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.

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