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...

Full description

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:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02472nmm a2200601 u 4500
001 EB000935385
003 EBX01000000000000000728981
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451831030 
245 0 0 |a Peru  |b Second Review Under the Stand-By Arrangement 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2003 
300 |a 82 pages 
651 4 |a Peru 
653 |a Finance, Public 
653 |a Foreign exchange reserves 
653 |a Public debt 
653 |a Public-Private Enterprises 
653 |a Public finance & taxation 
653 |a Banks and banking 
653 |a Public Enterprises 
653 |a Public sector 
653 |a Financial services 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Fiscal Policy 
653 |a Debt 
653 |a Exports and Imports 
653 |a Economic sectors 
653 |a International economics 
653 |a International Lending and Debt Problems 
653 |a Debts, External 
653 |a External debt 
653 |a Central banks 
653 |a Sovereign Debt 
653 |a International reserves 
653 |a Banks and Banking 
653 |a Civil service & public sector 
653 |a Macroeconomics 
653 |a Banking 
653 |a Bank deposits 
653 |a Public Finance 
653 |a Monetary Policy 
653 |a Finance: General 
710 2 |a International Monetary Fund 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Staff Country Reports 
028 5 0 |a 10.5089/9781451831030.002 
856 4 0 |u https://elibrary.imf.org/view/journals/002/2003/104/002.2003.issue-104-en.xml?cid=16496-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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