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Political outlook

31/07/2024

President Boluarte highlights infrastructure and mining in July 28 speech, but implementation of some initiatives raises concerns

This weekend, President Boluarte gave her July 28 address, in which she highlighted the push for Government-to-Government (G2G) agreements, the development of mining projects, the merger and creation of new ministries – including the Ministry of Infrastructure – and the confirmation of the increase in the minimum wage before the end of 2024.

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Martín Coronado

Senior analyst

OUR PERSPECTIVE

Peru's economic growth was dynamic in Q1 2025, although international environment risks have intensified.

The economy maintained a solid growth pace in Q1 2025, around 3.8%, slightly above expectations. Primary sectors, such as agro-exports and fishing, continued to rebound, although they were still affected by weather conditions in Q1 2024.

Political pressure on the government intensifies with the censure of Santivañez and new episodes of protest.

This month, the political agenda has once again focused on citizen insecurity. The death of a singer from a well-known musical group, allegedly at the hands of extortionists, sparked renewed criticism of the Minister of the Interior, who was censured by Congress, which in turn triggered new protests.

Resumption of Congressional Functions: Oversight, Electoral Reforms, and Key Projects on the Short-Term Agenda

Despite growing criticism, President Dina Boluarte remains reluctant to remove him from office, as Santivañez plays a key role in her efforts to obstruct investigations against her and her inner circle, including her brother Nicanor Boluarte.

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