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Political outlook

31/01/2025

Electoral race starts in a context of democratic crisis and political fragmentation

At the end of January, the Registry of Political Organizations counted 41 parties with current registration and 33 organizations in the registration process. This month, two new parties achieved registration: Ciudadanos por el Perú, linked to President Boluarte’s brother, Nicanor Boluarte, and the Federal Democratic Party, related to former congressman Virgilio Acuña.

If you want to access the full report, write to us at: contactaSAE@apoyoconsultoria.com

Martín Coronado

Senior analyst

OUR PERSPECTIVE

In 2026, the Peruvian economy will grow by 3.2%, a pace similar to that of 2025, despite electoral risks

In the third quarter of 2025, the economy grew by 2.5%, a slower pace than that observed in the first months of the year.

Government and Congress maintain their alliance as the pension reform stalls and the 2026 election remains fragmented

This month, President Dina Boluarte’s cabinet demonstrated resilience in the face of criticism over leaked audio recordings implicating Ministers Eduardo Arana (PCM) and Juan José Santiváñez (Interior).

Changes in the Cabinet have strengthened the alliance with Congress amid a context of growing institutional weakness.

The Government’s main allies, Fuerza Popular and APP, leveraged the crisis triggered by the murder of 13 mine workers in Pataz to strengthen their influence over ministerial appointments.

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