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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

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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