IMF Tells Peru to Stop Raiding Pensions and Reform Oil

2026-03-27 - 18:30

Key Points — The IMF told Peru it needs fiscal consolidation of 0.9% of GDP by 2028 to meet its medium-term deficit target, warning that congressional spending bills without funding are undermining the fiscal framework — The fund urged reforms at state oil company Petroperú and warned that repeated pension fund withdrawals have “severely weakened”