Economics
Peru Tackles Virus With Region’s Biggest Stimulus, Eyes IMF Help
- Government unveils stimulus package equal to 12% of GDP
- Country in talks with IMF for a $18-billion contingency line
This article is for subscribers only.
Peru is moving to fend off economic catastrophe with a record fiscal stimulus and plans for a contingency line of up to $18 billion from the International Monetary Fund to contain the fallout from the coronavirus pandemic.
The government is putting together a package of economic measures totaling 90 billion soles ($26 billion), including health-care spending, tax breaks and loan guarantees to revive an economy that’s ground to a virtual halt after the government implemented some of Latin America’s toughest lockdown rules.