Peru

Politics

Peruvian President Dina Boluarte dismissed charges against her of illegally enriching herself using her position of power as "sexist" and stated that she intends to stay in office until her term concludes in 2026, El Pais reported on March 31.

Peru: Rolexgate Threatens Peruvian President

On March 5, Peruvian lawmakers approved a constitutional reform that will reestablish a bicameral legislature in 2026 by creating a 60-member Senate and enabling the immediate reelection of lawmakers, Bloomberg reported the same day.

Peru: Country Will Revert to a Bicameral Legislative System in 2026

Peru's prime minister and president of the Council of Ministers, Alberto Otarola, resigned over a state contract scandal, forcing the resignation of all of Peru's Cabinet members, Bloomberg reported on March 5.

Peru: Prime Minister Resigns Over Scandal, Spurring Cabinet Reshuffle

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Military & Security

Former Peruvian President Alberto Fujimori was released from prison on humanitarian grounds on Dec. 6, Reuters reported the next day.

Peru: Fujimori Released From Prison, Sparking Outrage and Protest

Peru's Attorney General Patricia Benavides submitted a "constitutional complaint" to Congress alleging that President Dina Boluarte is responsible for the qualified homicide of four Peruvians who were killed by the country's security forces following massive protests against former President Pedro Castillo's ouster in December 2022, Reuters reported on Nov. 27.

Peru: Attorney General's Constitutional Complaint Creates Political Turmoil in Peru

The Peruvian Ministry of Economy and Finance announced its 25-point "United" plan to spur economic activity, Reuters reported on Nov. 9.

Peru: Government Announces 25-Point Economic Plan With Hope of Catalyzing Growth

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Governments from the United States, Barbados, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, Panama, Peru and Uruguay pledged to promote sustainable supply chains and boost trade across the region during the inaugural Americas Partnership for Economic Prosperity Leaders' Summit, Reuters reported on Nov. 3.

Americas: Governments Pledge to Boost Trade, Promote Sustainable Supply Chains

The Peruvian minister of production announced the launch of more than 30 public-private partnerships, collectively worth more than $9 billion, in a bid to boost the economy, Reuters reported Feb. 28.

Peru: Country Announces Public-Private Partnerships to Boost Economic Activity

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Flooding on the Rimac River on March 18, 2017, in Chosica, at the foot of the Andes east of Lima, Peru. The current El Nino contributed to floods, crop failure, heat waves and drought across Latin America in 2023, and its effects will persist until it lifts in the second quarter of 2024.

The current El Nino contributed to floods, crop failure, heat waves and drought across Latin America in 2023, and its effects will persist until it lifts in the second quarter of 2024.

How El Nino Will Impact Latin America in 2024

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On Security

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Policemen guard the car of Mayor Luis Chonillo after an attack on the official May 15, 2023, in Duran, Ecuador. Governments can take steps to stave off a surge in violence, but for many in the region, such measures will be politically and economically out of reach.

Governments can take steps to stave off a surge in violence, but for many in the region, such measures will be politically and economically out of reach.

Forecasting Latin America's Next Crime Hotspot After Ecuador

Honduras

Soldiers conduct a patrol on July 22, 2023, in the Salvadorean municipality of Colon, where the MS-13 gang reportedly remains active. 

The success of El Salvador's counter-crime state of emergency in reducing the country's homicide rate will be hard to replicate, despite the efforts of nearby countries.

The Appeal (and Perils) of Crime Crackdowns in Latin America, Part 1

A demonstrator wearing the Peruvian flag stands in front of police officers forming a barrier with their riot shields near the entrance of the airport in Cusco, Peru, on Jan. 19, 2023.

Over the next 18 months, the evolution of Peru’s political crisis will largely hinge on constitutional reforms, campaigning for general elections, and the intensification of ongoing protests.

Where Does Peru Go From Here?

On Geopolitics

A digital illustration shows the flags of Brazil, Argentina, Colombia, Mexico, Chile and Peru. 

The rise of left-wing governments in Brazil, Mexico, Argentina, Chile, Colombia and Peru is largely the result of growing anti-establishment sentiment fueled by economic volatility.

Is Latin America Experiencing Another Leftist Wave?

Protestors clash with the police in Lima, Peru, during a demonstration against Peruvian President Dina Boluarte's government on Jan. 4, 2023. 

The fallout from Castillo's impeachment will impede his successor's ability to address issues like food instability and rural poverty, portending more disruptive protests. 

Peru's Latest Political Crisis Shows No Sign of Slowing

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Supporters of former Peruvian President Pedro Castillo clash with riot police in Lima on Dec. 11, 2022, during a demonstration demanding Castillo's release and early legislative elections. 

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Putin Visits Belarus, Peru Sets an Election Date Amid Protests

Snapshots

Police officers stand guard outside the Lima Prefecture, where Peruvian President Pedro Castillo was allegedly detained after he tried to dissolve Congress, in Lima on Dec. 7, 2022. 

The president's impeachment and arrest are unlikely to do any favors for the country's political stability, or its economic growth.

What Castillo's Power Grab and Quick Ousting Means for Peru

A miner works at the Kiara copper mine in Chile on June 22, 2021. 

COVID-19

Beijing’s planned infrastructure projects could help Chile, Peru and Brazil weather the global economic slowdown by sustaining Chinese demand for copper and iron ore.

China’s Stimulus Spending Will Buoy South America’s Mining Exports

Demonstrators block a section of the Pan-American highway during a partial strike of cargo and passenger carriers in Ica, southern Peru, on April 4, 2022.

Security

Security Challenges in Latin America

Mounting anger over rising fuel and food prices will push the government to introduce subsidies, which it will likely seek to pay for by raising taxes on mining firms.

How Inflation-Induced Unrest Will Impact Peru's Political and Business Climate

Peruvian President Pedro Castillo arrives at the 76th session of the U.N. General Assembly on Sept. 21, 2021, in New York. 

The president's appointment of more moderate officials will widen his support in Congress, though it’ll likely anger the indigenous groups living near Peru’s lucrative mining and oil reserves. 

With a Cabinet Reshuffle, Peru’s Castillo Tries to Free Himself From the Far-Left

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People celebrate in the streets of Tunis after Tunisian President Kais Saied announced the suspension of parliament and the dismissal of the country’s prime minister on July 25, 2021. 

A look at what the coming week will bring -- and a list of recommended Stratfor articles from the week that was.

The Weekly Rundown: Government Formation in Tunisia, an Inaugural Crimea Summit

Peru is the third-largest country in South America, located on the west coast of the continent, just south of the equator. The country has three main geographic zones: the Andean highlands, the desert coast and the largely unpopulated Peruvian Amazon.    Pre-colonial civilization in Peru was centered on the rugged Andean highlands, where most of Peru's natural riches – including gold, silver and hydrocarbons – are concentrated. The arrival of European colonists and maritime transport focused economic and political activity on the coast, and eventually created the modern state of Peru, with Lima as its capital. This metropolitan area produces more than 50 percent of Peru's gross domestic product (GDP) and is home to a third of the nation's population.    With the Andes protecting Peru's coastal core, Peru's biggest external threats have come from the north, the south and the sea. Although Peru has had border disputes with both neighbors Ecuador and Colombia, Peru's main rivalry is with Chile. In the late 1800s, Peru and Chile fought the War of the Pacific. During that war, Chile seized large portions of the Bolivian and Peruvian Atacama Desert using its significantly more powerful navy.    But Peru's biggest challenges by far come from its internal security situation. Deep ethno-linguistic divides between European descendants and Aymara, Quechua and other Andean communities are exacerbated by rugged terrain and poor infrastructure. As a result, civil unrest is pervasive and frequently violent.    At the same time, Peru is the native home of the coca plant, which brings regional drug trafficking networks deep into the heart of Peru in pursuit of cocaine supplies. In turn, this fuels drug related violence and funds armed rebel groups.    Despite these challenges, Peru has seen significant growth in recent years. However its basic geography will give the country an internal focus for the foreseeable future. 

SITUATION REPORTS

Peru: Rolexgate Threatens Peruvian President

Peru: Country Will Revert to a Bicameral Legislative System in 2026

Peru: Prime Minister Resigns Over Scandal, Spurring Cabinet Reshuffle

Peru: Fujimori Released From Prison, Sparking Outrage and Protest

Peru: Attorney General's Constitutional Complaint Creates Political Turmoil in Peru

Peru: Government Announces 25-Point Economic Plan With Hope of Catalyzing Growth

Americas: Governments Pledge to Boost Trade, Promote Sustainable Supply Chains

Peru: Country Announces Public-Private Partnerships to Boost Economic Activity

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