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This paper discusses key findings of the Second Review Under the Stand-By Arrangement for Peru. The economy continued to perform well in 2004. Real GDP grew by 5.1 percent, inflation was 3.5 percent at end-December, and the fiscal deficit of the combined public sector narrowed to 1.1 percent of GDP. However, poverty remains high. The reform of the preferential public pension regime was approved in mid-December, and the authorities are making progress toward awarding transportation infrastructure in concession to the private sector.

International Monetary Fund. --- International Monetary Fund. -- Peru. --- Peru -- Economic policy. --- Peru -- Foreign economic relations. --- Exports and Imports --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Industries: Financial Services --- Banks and Banking --- Debt --- Debt Management --- Sovereign Debt --- Public Enterprises --- Public-Private Enterprises --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- International Lending and Debt Problems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy --- Public finance & taxation --- Civil service & public sector --- Monetary economics --- International economics --- Finance --- Banking --- Public debt --- Public sector --- Currencies --- External debt --- Loans --- Economic sectors --- Money --- International reserves --- Central banks --- Debts, Public --- Finance, Public --- Debts, External --- Foreign exchange reserves --- Peru

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This 2015 Article IV Consultation highlights that Peru remains one of the best performing economies in Latin America, with solid macroeconomic policies and fundamentals and visible gains in poverty reduction. However, like most of the region, Peru faced a challenging external environment in 2014. Lower metal prices and weaker demand from trading partners were a major drag on private investment and exports. On the domestic front, an unexpected drop in subnational public investment level and temporary supply disruptions in mining, fishing, and agriculture compounded external shocks. Real GDP is projected to expand at about 3.75 percent in 2015, contingent on the reversal of the supply shocks and policy stimulus of 2014. Growth is expected to rise in 2016–17.

Finance -- Peru. --- Fiscal policy -- Peru. --- Inflation (Finance) -- Peru. --- International Monetary Fund -- Peru. --- Monetary policy -- Peru. --- Peru -- Economic conditions -- 1968-. --- Peru -- Economic policy. --- Poverty -- Peru. --- Finance --- Business & Economics --- International Finance --- Exports and Imports --- Macroeconomics --- Money and Monetary Policy --- Public Finance --- Industries: Financial Services --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Monetary economics --- Public finance & taxation --- International economics --- Currencies --- Credit --- External debt --- Public debt --- Loans --- Money --- Financial institutions --- Debts, External --- Debts, Public --- Peru