Carlos Rodríguez Pastor resigned as Minister of Economy in March 1984. He was replaced by José Benavides Muñoz, who held the portfolio of Energy and Mines, which was assumed by Juan Incháustegui Vargas. Previously, in May 1983, members of the governing party had criticized Rodríguez Pastor. In October 1983, the …
On February 26, 1986, President Alan Garcia Perez made a strong statement about the International Monetary Fund (IMF). In his statement, Garcia declared that the IMF would no longer come to Peru "to take account of its economy or to put pressure on it". This statement was part of the …
President Alan García Pérez called for a rally on August 16, 1986 to call for unity among all Peruvians. The objective was to defend the country from the same trench against the IMF agreement. This event took place one day after the IMF declared Peru ineligible due to Peru's default …
President Alan Garcia Perez addressed a message to the nation announcing wage and salary increases as part of an overall economic plan. The plan included national price readjustments and devaluation scheduled for 1987. This announcement came against a backdrop of tensions with the International Monetary Fund, as in August of …
The Inter-American Development Bank (IDB) suspended disbursements of approved loans to Peru due to Peruvian arrears. This followed a previous decision by the World Bank (WB), which had also suspended its disbursements for the same reason. The suspension occurred in a context of tensions between the government of Alan Garcia …
Minister Abel Salinas Eyzaguirre announces the government's decision to initiate contacts with international financial organizations. On September 8, in the Senate, he presents the government's economic plan. On September 13, President Alan García Pérez admits that the government made a mistake in maintaining a consumerist policy for too long, with …
On September 8, 1988, in the Senate, Minister Abel Salinas Eyzaguirre announced the government's decision to initiate contacts with international financial organizations. This announcement takes place in a context of severe economic crisis, days after a major food shortage that generated strong public protests. On September 23, Peru formally returned …
On September 23, 1988, Peru returned to the international financial community, explicitly to the IMF and the World Bank. This decision had been announced days before by Minister Abel Salinas Eyzaguirre on September 8, when the government admitted that contacts with international financial organizations would be initiated. The return demanded …
Minister of Economy Abel Salinas Eyzaguirre announces a second set of economic adjustment measures. These measures come in the context of a serious economic crisis, after the same minister had announced in September the government's decision to initiate contacts with international financial organizations and Peru's return to the IMF and …
The president of the Inter-American Development Bank (IDB), Enrique Iglesias, acknowledged the important effort made by the Peruvian government to achieve its reinsertion in the international financial system. Iglesias announced that his institution would approve a first credit for US$1.1 billion in September. This announcement came in the context of …
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