Peru:2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Author: International Monetary Fund. Western Hemisphere Dept.

2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Volume/Issue: Volume 2021 Issue 063

Publication date: March 2021

ISBN: 9781513574806

$18.00

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Money and Monetary Policy , International - Economics ,

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Summary

Peru entered the pandemic with a sustained track record of implementing very strong policies amid very strong economic fundamentals and institutional policy frameworks, but was hit hard by the pandemic, which took a heavy toll in terms of human lives and economic output. Tensions between executive and legislative powers continue to affect institutional cohesion, but new general elections will be held in April-June 2021. The IMF Executive Board approved a two-year FCL arrangement in the amount of US$11 billion (600 percent of quota) on May 28, 2020.