In a dramatic reshuffle just days after assuming power, Peru’s interim government under President José Jeri has fired the chairman of state oil firm Petroperú. The decision aims to tackle deep financial distress, restore credibility, and stabilize operations. This shake-up signals serious intent to reform Peru’s energy sector and manage…
Mining company MMG Ltd. is grappling with mounting copper losses in Peru as informal miners expand activity around the Las Bambas operation in Apurímac. Activity has increasingly targeted areas earmarked for future open-pit phases, undermining long-term mine planning, creating security and logistics risks, and intensifying tensions with nearby communities. While…
Peru is undergoing a digital banking revolution. According to the latest Residential Telecommunications Services Survey (Erestel) by OSIPTEL, internet use for mobile banking has surged dramatically—from 13.8 % in 2022 to 43.6 % in 2024. That’s more than a three-fold jump in just two years. This rapid adoption reflects growing…
Peru’s economy grew faster than expected in November, extending its recovery streak and signaling solid momentum into year-end. Strong gains in fishing, agriculture, and manufacturing more than offset a soft patch in mining, while seasonally adjusted activity improved from October—clear signs that domestic demand and export-linked sectors are pulling in…
On October 14, 2025, Peru’s new President José Jerí officially swore in a transition cabinet designed to restore public security, stabilize the economy, and guide the country toward general elections in April 2026 with a handover on July 28, 2026. The new team blends legal, security, economic, and diplomatic expertise,…
Peru is launching a coordinated push to reboot its energy sector by pairing new offshore oil exploration with Saudi-backed investment in LNG, critical minerals, and green hydrogen. The plan aims to lift domestic production, stabilize fuel supplies, and channel capital into clean-energy projects—reducing import bills while building future-ready industries. Chevron’s…
When we hear about political chaos, most people expect a country’s economy to fall apart. But in Peru, something surprising is happening. Even though the country has faced protests, unstable governments, and leadership changes, investors still believe the economy will remain strong. Let’s explore how Peru manages to stay stable,…
