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Peru Second Review Under the Stand-By Arrangement

This paper focuses on Peru’s Second Review Under the Stand-By Arrangement (SBA). Progress was made on structural reforms, but key reforms remain to be implemented, including the completion of tax reform and implementation of a fiscally neutral decentralization. Both are crucial to fiscal sustainabil...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Series:IMF Staff Country Reports
Subjects:
Finance, Public
Foreign Exchange Reserves
Public Debt
Public-private Enterprises
Public Finance & Taxation
Banks And Banking
Public Enterprises
Public Sector
Financial Services
Debt Management
Debts, Public
Fiscal Policy
Debt
Exports And Imports
Economic Sectors
International Economics
International Lending And Debt Problems
Debts, External
External Debt
Central Banks
Sovereign Debt
International Reserves
Civil Service & Public Sector
Macroeconomics
Banking
Bank Deposits
Public Finance
Monetary Policy
Finance: General
Peru
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper focuses on Peru’s Second Review Under the Stand-By Arrangement (SBA). Progress was made on structural reforms, but key reforms remain to be implemented, including the completion of tax reform and implementation of a fiscally neutral decentralization. Both are crucial to fiscal sustainability over the medium term but face considerable risks in the current political environment. The 2003 program aims at maintaining prudent macroeconomic policies, including moderate fiscal adjustment, and pressing ahead with structural reforms. Moderate fiscal adjustment is also needed to give credibility to the authorities' medium-term deficit target
Physical Description:82 pages
ISBN:9781451831030

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