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International Monetary Fund. External Relations Dept.

The Web edition of the IMF Survey is updated several times a week, and contains a wealth of articles about topical policy and economic issues in the news. Access the latest IMF research, read interviews, and listen to podcasts given by top IMF economists on important issues in the global economy. www.imf.org/external/pubs/ft/survey/so/home.aspx

International Monetary Fund
This paper discusses findings of the Technical Assistance Evaluation Report for the former Yugoslav Republic of Macedonia. Overall, the authorities indicated that technical assistance (TA) and training had been very useful in improving its statistical systems and statistics. The approach to provide subject-specific TA following the Data Module Report on the Observance of Standards and Codes (ROSC) was effective as the ROSC assessment was helpful in setting the context for future TA. The authorities emphasized the usefulness of training. They noted that despite the slow pace of implementation of TA missions’ recommendations in some cases, training had contributed to their understanding of international standards.
International Monetary Fund
This paper discusses the evaluation of technical assistance (TA) and training provided by the Statistical Department (STA) of the IMF to Peru during 1993–2011. The results showed that TA was reasonably effective, especially in the areas of government finance statistics, and responded well to the demands expressed by the Peruvian authorities. Many constraints to capacity were overcome through TA and training. The evaluation also found that the quality of TA reports, backstopping, and report management in STA were generally adequate.
International Monetary Fund. External Relations Dept.

There is work still to be done, but an increasing number of countries are providing the IMF with data of the quality it needs to provide effective oversight of members’ economic policies. According to the recently released staff report, Data Provision to the IMF for Surveillance Purposes, and a summary of the Executive Board discussion of it, poor data remain a problem in one-third of the IMF’s member countries. But the number has been declining and there has been progress on many fronts, notably with data on international reserves.

International Monetary Fund

The coverage, periodicity, and timeliness for macroeconomic data in Peru are summarized and compared with Special Data Dissemination Standard (SDDS) specifications. The human, financial, and computing resources allocated to the existing program of statistics at the Central Reserve Bank of Peru (CRBP) are adequate and are used efficiently. The CRBP has well-established recruitment and training programs, and the salaries are competitive compared with those of the private sector. Efforts are being made to upgrade the computer systems, including the recent acquisition and implementation of new software to manage the macroeconomic databases.

International Monetary Fund

The coverage, periodicity, and timeliness for macroeconomic data in Peru are summarized and compared with Special Data Dissemination Standard (SDDS) specifications. The human, financial, and computing resources allocated to the existing program of statistics at the Central Reserve Bank of Peru (CRBP) are adequate and are used efficiently. The CRBP has well-established recruitment and training programs, and the salaries are competitive compared with those of the private sector. Efforts are being made to upgrade the computer systems, including the recent acquisition and implementation of new software to manage the macroeconomic databases.

International Monetary Fund

This paper presents the staff report for Peru’s 2008 Article IV Consultation, Fourth Review and Inflation Consultation under the Stand-By Arrangement and request for waiver of applicability of performance criteria. Peru has been liberalizing external trade through tariff reductions in past years and has also been seeking enhanced market access through new bilateral agreements. There has been progress in simplifying administrative procedures and in enacting legislation to reduce labor market informality. The economy has been moderately affected by the global financial crisis.

International Monetary Fund

This 2010 Article IV Consultation highlights that growth in Peru decelerated sharply in 2009, owing to the global financial crisis, but remained positive at about 1 percent for the year, despite a few months in negative territory. Thanks to the strong buffers built in recent years, Peru was able to implement a significant monetary and fiscal policy response, which helped to avoid a credit crunch, support domestic demand, and sustain employment. The central bank injected substantial liquidity in the financial system and lowered the policy rate to an historic low of 1.25 percent.

International Monetary Fund

This 2011 Article IV Consultation reports that Peru’s activity is expected to decelerate in 2011–12 to slightly below trend while inflation declines toward the target and the external current account deficit remains contained. Short-term risks are markedly to the downside given global uncertainty. Once international turbulence subsides, strong growth prospects and abundant international liquidity could increase capital inflows. The fiscal policy focus on undertaking the capital expenditures budgeted for 2011 is appropriate. Macroeconomic stability, growth potential, and social inclusion could be strengthened by adopting an ambitious reform agenda.

International Monetary Fund. Western Hemisphere Dept.

This 2013 Article IV Consultation highlights that Peru’s economy continues to be a leader in high growth and low inflation in the region, which has been achieved through a prudent macroeconomic policy implementation, a far-reaching structural reform agenda and taking advantage of the benign external environment. After reaching 4.7 percent in 2011, end-period inflation fell to 2.6 percent in 2012, within the 1–3 percent target range. Stimulative monetary and fiscal policies played an instrumental role in supporting the recovery. The outlook remains favorable in the near term despite challenging external conditions.