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2. Macro and country context: Peru

Macro and country context for investors in Peru: the constitutional and legal rules behind the central bank's autonomy and inflation target, the ban on central bank financing of the Treasury, the budget and fiscal rules with their deficit and debt ceilings, and the single market exchange rate, with the latest official figures from the BCRP and the MEF.

Investor view. An autonomous central bank barred from financing the Treasury, legislated deficit and debt ceilings and public debt near 30 percent of GDP give Peru one of the strongest macro foundations in the region for long term private investment.

Peru macro at a glance: the rules behind the central bank, inflation, the fiscal rule and the solPeru's Constitution makes the Banco Central de Reserva del Perú (BCRP) autonomous, gives it the single goal of monetary stability and bars it from lending to the Treasury; the BCRP targets inflation i