Peru: 2026 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Peru

Peru is benefiting from its most favorable terms of trade since the 1950s, driven by high metal prices, which have buoyed domestic demand and strengthened the fiscal and external positions. Despite political uncertainty and recent energy price shocks, very strong macroeconomic policy frameworks have helped sustain market confidence, lower financial volatility, and preserve market access on favorable terms.