Peru

This paper examines Peru’s Request for a Stand-By Arrangement (SBA). Performance under the 2002–03 SBA was satisfactory. This performance provides a solid basis for continuing with policies aimed at maintaining macroeconomic stability. The authorities are requesting a 26-month SBA covering the period through August 2006, when a new administration is scheduled to take office. They consider that continued IMF support for their program would help anchor economic policymaking and improve investor sentiment. To boost economic growth and promote employment, the authorities are committed to implementing a broad set of structural reforms.Announcements;Staff Reports;Stand-by arrangement requests;debt, external debt, public debt, interest, payments, loans, central bank, public sector debt, reserve bank, debt sustainability, current account, liabilities, debt service, external financing, debt management, current account deficit, balance of payments, short-term debt, domestic currency, obligations, creditors, external public debt, taxes, debt dynamics, total external debt, tax exemptions, debt rescheduling, debt reduction, debt relief, sovereign debt, domestic financing, tax evasion, debt sustainability analysis, private debt, restructuring, foreign borrowing, long-term debt, foreign debt, expenditures, fiscal policy, repurchases, domestic debt, external shocks, debt stock, deficits, external payments, collections, debts, official creditors, currency risks, current account adjustment, long-term loans, credit lines, taxpayers, reserve accumulation, external payments arrears, debt restructuring, payroll tax, public sector borrowing, external borrowing, current account balance, government debt, debt ratios, prepayments, loan disbursements, debt forgiveness, debt exchange, short term debt, public external debt, debt ratio, public sector management, treasury bills, tax revenues, public expenditure, creditor, government securities, debt equity swaps, long-term public debt, treasury bonds, debt equity, external debt statistics, public debt management, central banks, external debt service, general resources account, repayment, currency mismatches, bond placements, sovereign bonds, bond market, debt statistics, tax avoidance, borrowing costs, tax credit, debt amortization, domestic savings, debt sustainability objectives, tax auditing, external debt sustainability, amount of debt, public finances, debt instruments, currency debt, debt-equity, private sector debts, private creditors, asset management, debt financing, suppliers ? credits, repayments, current accounts, bank loans, bond yields, liability management, tax reforms, corporate bonds, foreign currency debt, reserve assets, commercial loans, external debt transactions, external debt data, nonconcessional debt, external liabilities, fiscal deficits, external indebtedness, debt data, external obligations