Peru: 2025 Article IV Consultation-Press Release; and Staff Report

Author: International Monetary Fund. Western Hemisphere Dept.

Volume/Issue: Volume 2025 Issue 125

Publication date: June 2025

ISBN: 9798229013628

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Public Finance , External debt , Credit , Public investment spending , Mining sector , Public sector , Currencies

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Summary

The economy has recovered from consecutive natural disaster shocks and social turmoil. Inflation is firmly within the target band. The external balance has further improved, underpinned by favorable terms of trade. However, the fiscal position has weakened. A relative political stability persists but pre-election tensions are rising. Lingering political uncertainty weighs on economic prospects and dents the appetite for structural reforms to boost potential growth.