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Political outlook

04/11/2024

Congress strikes new blow in favor of illegal mining in the face of a government with no response

Last week, Congress removed Energy and Mines Minister Rómulo Mucho from office with 80 votes in favor, 4 against, and 10 abstentions. Of the 13 parliamentary groups in Congress, 11 supported the motion. His censure comes at a critical time for the interests of informal and illegal miners, in a week in which the Government had presented a new Law on Small-scale and Artisanal Mining (MAPE), and less than a month before the deadline for informal miners registered in the Comprehensive Registry of Mining Formalization (Reinfo) to comply with the formalization requirements.

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

Martín Coronado

Senior analyst

OUR PERSPECTIVE

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.

Economic growth likely remained steady at the beginning of Q2 and is becoming increasingly broad-based, despite the uncertain external environment.

So far this year, the economic recovery appears to have consolidated, with growth becoming more broad-based. Domestic demand has shown solid performance.

The serious deterioration in the conduct of economic policy in the United States would impact Peru's economic growth mainly in 2026.

In the first quarter of the year, economic growth remained solid (3.6%). This was the result of a combination of favorable dynamics for GDP.

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