Peru - Recent economic performance and policies

RFiTURN TO j RESTRICTED RF-Pon-r$ DT Report No. WH-166 R ORTS u YOI5 A RsY' I his report was prepared for use wirnin the lan' an' 4ts uriffluiau ed uorga ..na 5. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing tneir views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION RECENT ECONOMIC PERFORMANCE AND POL TCrTIES OF PERU July 27, 1966 Western Hemisphere Department  U 'T T YJJtM. STTn Tr*TQ. 1 US$ = 26.82 soles 1 Sol (S/.) = 3.7 US cents 1 million Soles US $37,286 1 million US$ 26.82 million soles  Table of Contents Page No. Basic Data . . . . . . . . . . . . . . . . i-i Preface . . ............ ..e ii Itecent Economic Growth . . . . . . . .. . 1 The Public Investment Plan and its Financing. 2 The Fiscal Situation . . . a . . . . . a . . 2 Monetary Policy . . . . ... . . . ... . . Balance of Payments . . . . . . . * o 5 Terms of New Credits and Creditworthiness . e 6 Statistical Appendix  BASIC DATA Area: 482,300 square miles Population: 1961 (official census) 10.4 million 1965 (estimated) 11.6 million 1940-61 annual rate of increase 2.3% 1960-64 annual rate of increase 2.94 Population density 24 inhabitants per square mile Political Status: I?epublic Gross National Product: 1965 (current prices) 114.7 billion soles Rate of growth (1959-65) 7.0% Rate of growth (1964h-65) 6.o% per ca-pita (1961<) US$,36 5 Gross Domestic Product: 19637cuarrent prices) 80.5 billion soles of' which: A griculture 2OII Industry 17% Commerce i6 % Mining 5% Cons+raction )| Fishing 2,% Average Percent of GN(p 1965 1_9__9_ Gross investment 21 21 Surplus (or deficit) in Balance of PaAryments current account - 3 2 Investment income payments 2 2 National sav-n,s 18 19 Public investments 4e5 3 Government revenues 20 18 (1960=65) Avera-, Resource Ga]? as Percent 1965 1