_#_Member of: AG, CCC, ECLAC, FAO, G-11, G-19, G-24, G-77, GATT,
IADB, IAEA, IBRD, ICAO, ICFTU, IDA, IFAD, IFC, ILO, IMF, IMO, INMARSAT,
INTELSAT, INTERPOL, IOC, IOM, ISO, ITU, LAES, LAIA, LORCS, NAM, OAS,
OPANAL, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UNIIMOG, UPU, WCL,
WFTU, WHO, WIPO, WMO, WTO
_#_Diplomatic representation: Ambassador Roberto G. MACLEAN; Chancery at 1700 Massachusetts Avenue NW, Washington DC 20036; telephone (202) 833-9860 through 9869); Peruvian Consulates General are located in Chicago, Houston, Los Angeles, Miami, New York, Paterson (New Jersey), San Francisco, and San Juan (Puerto Rico);
US—Ambassador Anthony C.E. QUAINTON; Embassy at the corner of Avenida Inca Garcilaso de la Vega and Avenida Espana, Lima (mailing address is P. O. Box 1995, Lima 100, or APO Miami 34031); telephone [51] (14) 338-000
_#_Flag: three equal, vertical bands of red (hoist side), white, and red with the coat of arms centered in the white band; the coat of arms features a shield bearing a llama, cinchona tree (the source of quinine), and a yellow cornucopia spilling out gold coins, all framed by a green wreath
_*Economy #_Overview: The Peruvian economy is basically capitalistic, with a large dose of government welfare programs and government management of credit. In the 1980s the economy suffered from hyperinflation, declining per capita output, and mounting external debt. Peru was shut off from IMF and World Bank support in the mid-1980s because of its huge debt arrears. An austerity program implemented shortly after the Fujimori government took office in July 1990 contributed to a third consecutive yearly contraction of economic activity, but was able to generate a small recovery in the last quarter. After a burst of inflation as the program eliminated government price subsidies, monthly price increases eased to the single-digit level for the first time since mid-1988. Lima has restarted current payments to multilateral lenders and, although it faces $14 billion in arrears on its external debt, is working toward an accommodation with its creditors.
_#_GDP: $19.3 billion, per capita $898; real growth rate - 3.9% (1990 est.)
_#_Inflation rate (consumer prices): 7,650% (1990)
_#_Unemployment rate: 20.0%; underemployment estimated at 60% (1989)
_#_Budget: revenues $1.3 billion; expenditures $2.1 billion, including capital expenditures of $NA (1990 est.)
_#_Exports: $3.01 billion (f.o.b., 1990 est.);