01692cas a2200241 a 4500 AALejournalIMF002414 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451831030 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Peru : Second Review Under the Stand-By Arrangement. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (82 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper focuses on Peru's Second Review Under the Stand-By Arrangement (SBA). Progress was made on structural reforms, but key reforms remain to be implemented, including the completion of tax reform and implementation of a fiscally neutral decentralization. Both are crucial to fiscal sustainability over the medium term but face considerable risks in the current political environment. The 2003 program aims at maintaining prudent macroeconomic policies, including moderate fiscal adjustment, and pressing ahead with structural reforms. Moderate fiscal adjustment is also needed to give credibility to the authorities' medium-term deficit target. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2003/104 Full text available on IMF http://elibrary.imf.org/view/journals/002/2003/104/002.2003.issue-104-en.xml IMF e-Library