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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

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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