# Peru tackles virus with region’s biggest stimulus, eyes IMF help | Buenos Aires Times

> Peru has announced a fiscal stimulus package totaling 90 billion soles (about US$26 billion), equal to 12% of GDP, covering health spending, tax breaks and loan guarantees. The government is also seeking a contingency credit line of up to US$18 billion from the IMF as its economy has largely halted under strict lockdown rules.

- Date: 2020-03-30 · published 2020-03-30T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/54397-peru-tackles-virus-with-region-s-biggest-stimulus-eyes-imf-help-buenos-aires
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

A large Peruvian stimulus and IMF support aim to cushion domestic demand, but the lockdown-driven slump and sol-financed spending bear on feed demand from Peru's poultry and livestock sectors and on the sol's exchange rate.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/peru-tackles-virus-with-regions-biggest-stimulus-eyes-imf-help.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.