AGP Executive Report

Meta Crackdown on Illegal Land Sales: Mongabay says its 2021 reporting helped push Meta to respond to illegal rainforest land listings on Facebook Marketplace, but experts warned enforcement is hard without precise location data. Peru Security Push: Peru’s president says the country is strengthening police intelligence and technology under its 2026–2028 citizen security plan, with a focus on prevention and coordination across government levels. El Niño Risk to Peru’s Economy: UBS warns a strong El Niño could disrupt crops, fisheries, electricity and infrastructure, keeping inflation pressure high and delaying rate cuts; Peru is flagged for direct climate exposure. Ag Exports and Climate Resilience: Peru’s agro-exports near $5B as of May 2026, while blueberry growers and early 2026 shipments highlight efforts to adapt to El Niño impacts. Trade and Logistics Signals: JaxPort adds new ocean carrier service that includes Peru via transshipment links, underscoring continued regional trade connectivity. Waze Goes More Local for Riders: Waze rolls out motorcycle mode and Gemini-powered personalization, with early availability including Peru. Global Food Safety Pressure: U.S. Sen. Amy Klobuchar urges CDC/FDA to restore food safety funding amid a cyclosporiasis outbreak.

Metro Lima Expansion: Webuild says it has completed tunnel excavation for Lima’s Metro Line 2, finishing the last diaphragm wall across the full 27km route; next up is track laying, systems and station works for a fully underground east-to-west line. Energy Planning: Peru’s MINEM published a draft decree to standardize national energy planning across long-, medium- and short-term horizons, aiming to align forecasts and strengthen coordination—potentially shaping how solar PV and storage scenarios are assessed. Pharma Crackdown: Peru blacklisted five firms tied to bad cancer drugs after earlier reporting that more than 100,000 vials were destroyed for failing quality tests, as regulators push for GMP-certified imports. Aviation Tech Upgrade: Indra says it brought four air traffic control centers online in one week across Argentina, India, Indonesia and Peru, supporting integrated en-route, approach and tower operations. Fishing Exports: Peru’s eel fishery is set to benefit from MSC certification, with producers projecting exports could rise to about $20M annually over the next five years. Mining & Drilling: Solis Minerals kicked off 10-hole, 2,000m diamond drilling at Brazil’s Mandacaru lithium project, targeting an 800m corridor—relevant for regional supply chains tied to Peru’s mining ecosystem. Cacao Diversity: A study highlights four new cacao genetic lineages found on Peruvian smallholder farms, pointing to more resilient breeding options as chocolate faces supply volatility. Legal/Politics: Alejandro Toledo has requested a presidential pardon on humanitarian grounds, citing serious health deterioration in prison.

Agro-exports Watch: Peru’s Midagri says agro-exports neared US$5B as of May 2026, with traditional exports up 27.8% (to US$267M) and non-traditional agro-exports up 4.1% (to US$4.446B), led by grapes, avocados and blueberries. Climate Risk: UBS warns El Niño could pressure Latin America via inflation, higher rates and shocks to crops, fisheries and hydropower—flagging Peru for direct climate exposure affecting agriculture, fishing and transport. Food Supply & Prices: Peru’s citrus exports fell 20% in volume in H1 2026 as mandarin shipments dropped 40%, with heat and delayed color development hurting late-season fruit quality. Oil Palm Growth: Peru’s oil palm sector rose 49.9% in early 2026, driven by Ucayali and other Amazon regions, supporting steady rural incomes. Tech & Mobility: Waze is rolling out AI-powered Motorcycle Mode in Peru (plus other countries), aiming to improve routing and hazard alerts for riders.

Peru’s Culture & Tourism: Peru will host “The World’s 50 Best Restaurants” in Lima in November 2026, the first time the awards are held in South America, spotlighting the country’s top dining scene and drawing global chefs and travelers. Archaeology & Climate Lessons: Peru’s Ministry of Culture says archaeologists at Peñico recovered 43 carved ritual figurines and objects from 3,800 years ago, adding support to the idea that Caral didn’t “collapse” so much as adapt. Telecom & Consumers: Peru saw 3.1 million mobile number ports in H1 2026, down 12.3% year on year as the market matures, with postpaid users making up over 77%. Mining & Markets: Copper demand is rising on data centers, power-grid upgrades and EVs, with Peru-linked producers like Freeport-McMoRan benefiting as investors track AI-driven consumption growth. Business & Legal Risk: Peru’s regional business ties also show up indirectly as global courts and regulators tighten enforcement—recently, India’s Supreme Court froze accounts of a developer over ignored RERA orders, a reminder of how compliance failures can quickly hit cash flow.

Peru’s Global Spotlight: Lima will host The World’s 50 Best Restaurants 2026 for the first time in South America, with Mincetur touting Peru’s rising culinary clout after Maido was named the world’s best restaurant in 2025. Regional Politics Watch: A La República report says 1 in 4 Peru regional governor candidates for the 2026 elections has a criminal sentence, raising fresh questions about candidate integrity and voter trust. Central Bank Update: The BCR kept Peru’s interest rate at 4.25% for the tenth straight time, signaling continued caution on inflation. Mining & Finance: Southern Copper raised US$1.25 billion for its Peruvian mine, while other coverage points to ongoing momentum—and valuation gaps—in gold mining profits. Trade & Travel: Germany published its 2026 visa-free list of 62 countries, including Peru, for short stays up to 90 days.

Peru’s tourism push: Peru will host The World’s 50 Best Restaurants for the first time in South America, with Lima set to welcome the 2026 global awards plus public-facing events like #50BestTalks and signature chef sessions. Mining & human rights: A new report flags rising human-rights abuse allegations across the mining sector, as scrutiny grows over how projects affect local communities. Elections & integrity risk: A La República report says 1 in 4 Peru governor candidates for the 2026 regional elections has a criminal sentence, raising pressure on parties and voter trust. Copper boom backdrop: Copper prices and demand expectations keep climbing, driven by power grids, data centers, EVs and defense—fueling fresh interest in miners. Global supply-chain pressure: Indonesia’s first case under Germany’s supply-chain law targets Heidelberg Materials over a cement mine and factory plan in Central Java, spotlighting how European firms face tougher scrutiny abroad. Health & opioids: New Mexico’s opioid crisis shows how fentanyl is driving overdose deaths—an indirect reminder of the social costs businesses and governments can’t ignore. Conservation win: Peru is among trial sites for recycled-bottle “sound reflectors” that cut dolphin bycatch by up to 88%.

Peru’s defense diplomacy: Peru’s Defense Ministry says ministers and delegates from 33 American countries signed the Cusco Declaration in Cusco, aiming to deepen regional cooperation against transnational organized crime, terrorism, illicit economies, and to boost information sharing, capacity building, and border security. Monetary policy watch: The Central Reserve Bank of Peru kept its interest rate at 4.25% for a tenth straight time, signaling continued focus on inflation control. Mining finance: Southern Copper raised US$1.25 billion to fund its Peruvian mine, while Pan American Silver is set to report Q2 2026 results and other miners’ earnings are in focus. Tourism and business links: Aruba’s tourism authority partnered with Peru’s El Comercio to promote the KLM Aruba Marathon in Peru, using sports tourism to drive travel and local spending. Health and food safety: Michigan’s cyclosporiasis outbreak is expanding fast, a reminder for Peru businesses tied to food supply chains to tighten hygiene and testing.

Regional Security: Peru’s Defense Ministers and delegates from 33 countries signed the Cusco Declaration, aiming to tighten cooperation against transnational organized crime, terrorism, illicit economies, and to boost information-sharing, border security, and disaster response. Central Banking: The Central Reserve Bank of Peru kept its benchmark interest rate at 4.25% for the tenth straight meeting, citing moderating inflation expectations and a “good performance” in leading activity indicators, while flagging risks from El Niño and Middle East tensions. Tourism Investment: The World Bank approved a US$77.2 million package to upgrade the Arequipa–Colca tourism corridor, combining transport, water and sanitation, heritage conservation, and destination management to attract private investment and create jobs. Political Economy & Diplomacy: Argentina’s Javier Milei confirmed a far-reaching tour that includes a stop in Peru for Keiko Fujimori’s inauguration, as part of a push to secure investment and consolidate a right-leaning regional alliance. Food & Markets: Lima will host The World’s 50 Best Restaurants on Nov. 4, the first South America edition, spotlighting Peru’s rising global culinary clout. Mining & Finance: Southern Copper raised US$1.25 billion for its Peruvian mine, underscoring continued capital flows into Peru’s resource sector.

Central Bank Watch: Peru’s Central Reserve Bank kept its benchmark interest rate at 4.25% for the tenth straight meeting, citing moderating inflation expectations but warning El Niño and Middle East tensions could keep price pressures sticky. Culinary Economy: Lima will host The World’s 50 Best Restaurants on Nov. 4 for the first time in South America, spotlighting Peru’s top dining scene and boosting tourism-linked spending. Agri-Food Trade: Avocados From Peru took part in the U.S. Navy’s America’s 250th Maritime Celebration with a Superfood Breakfast featuring Peruvian avocados and blueberries. Food Supply Risk: A global anchovy shortage tied to El Niño is disrupting fishmeal production, raising costs that can ripple into aquaculture and food prices. Natural Heritage & Tourism: An exhibition at Peru’s National Archaeological Museum highlights the Inca road network (Qhapaq Ñan) ahead of the July 28 independence anniversary, adding another draw for visitors. Mining Finance: Southern Copper raised US$1.25 billion for its Peruvian mine, while gold-miner earnings are expected to stay strong, supporting investor sentiment.

El Niño shock to food bills: Japan’s research institute warns a “Super El Niño” could lift global food prices by about 13% by 2027, with oil-price tensions potentially pushing the hit higher. Education finance push: UNESCO urged more debt-for-education swaps, saying 113 countries now spend more on debt servicing than on schooling, and pointed to a Spain-Peru program funding education projects. Peru–China balancing act: Commentary highlights how Peru’s new right-wing leadership signals tougher crime policy while resisting automatic alignment with the U.S., keeping China as a key trade partner. Peru’s inflation expectations: Peru’s central bank reported June 12-month inflation expectations falling to 2.83%. Microfinance in the region: Colombia will host the Summic microfinance summit in Cartagena on Sept. 28-29, focusing on inclusion for low-income entrepreneurs. Mining & markets: Coverage notes Peru’s role in copper supply chains and broader investor attention on metals tied to electrification.

Peru Politics: Peru’s Minister of Labor Freddy Solano resigned after allegations of document forgery, saying he acted with “honesty” and expects due process to clarify the case. Labor & Rights: The ITUC’s 2026 Global Rights Index warns that no country fully protects workers’ rights, with rights protections worsening across Europe and the Americas. Mining & Investment: Fortuna Mining expects a final construction permit for its Diamba Sud gold project in Senegal within weeks, highlighting how faster permitting can unlock regional mining growth. Macroeconomy: Peru’s central bank reported June 2026 inflation expectations falling to 2.83% over 12 months, a key signal for households and investors. Climate & Food: A strengthening El Niño is forming over record-hot ocean waters, raising risks for drought, flooding, and food supply disruptions across the Pacific. Business Continuity: Peru’s supermarket sector in earthquake-affected areas says supply levels remain at 98%, with logistics and store operations largely back to normal.

Anchovy shock for food prices: Peru’s anchovy supply crunch is rippling into global feed markets, pushing fishmeal costs higher and raising the odds that salmon and other farmed seafood get pricier. Gap-year fallout: A UK conservation tour operator liquidation left students who booked Peru and other projects out of thousands of pounds, with some trips cancelled and no refunds offered. Blue economy funding: Luxembourg and IUCN launched the third phase of a blue natural capital program aimed at boosting coastal livelihoods and small-scale fisheries, including work linked to Peru’s mangrove ecosystems. Aviation modernization: Indra commissioned four new air traffic control centers across Argentina, India, Indonesia and Peru, improving integrated en-route, approach and tower operations. Peru mining signal: American Lithium welcomed Keiko Fujimori’s confirmed election win, saying it could improve stability for critical minerals projects. Peru business update: Fortuna Mining reported Q2 2026 output of 72,217 gold-equivalent ounces and advanced expansion studies at its West Africa and Latin America assets. Trade policy watch: India’s post-EU free-trade push includes talks with Peru, keeping regional trade negotiations in focus.

Peru Politics & Democracy: A new analysis says Peruvians are deeply skeptical of their democracy after a razor-thin presidential runoff, with voters feeling unrepresented amid political fragmentation and contested legitimacy. Central Banking: Keiko Fujimori’s team signals continuity at the Central Reserve Bank of Peru, with Julio Velarde set to remain at the helm for a fifth term. Mining & Capital Markets: Hudbay, a copper-focused miner with operations in Peru (Constancia) and projects including Llaguen in La Libertad, will hold a conference call on Q2 2026 results. Education & AI Upskilling: A market piece highlights Laureate Education’s growth in Mexico and Peru, framing higher education as a faster, lifelong retraining engine for the AI economy. Energy Infrastructure: A separate report points to Peru-linked regional investment themes in power reliability, while in another country coverage notes new electricity substations planned to ease distribution constraints. Climate Risk: El Niño is already raising the odds of extreme weather across South America, with Peru among the region facing heightened disruption risks. Tech & Policy: The ITU’s “AI for Good Lab” initiative includes Peru in efforts to build local AI skills, datasets, and policy foundations.

Central Bank Continuity: Peru’s BCRP chief Julio Velarde will stay for a fifth term through 2031 after meeting President-elect Keiko Fujimori, signaling a push for monetary stability amid political change. Election Aftermath: Fujimori was declared president-elect after Peru’s runoff, with the ONPE reporting a razor-thin margin and fast US congratulations—raising questions about how quickly policy priorities will shift. Trade & Compliance: Peru joined other Latin American governments at a US hearing arguing against forced-labor tariff penalties, saying their laws and processes already address the issue. Climate Shock to Exports: El Niño is already disrupting Peru’s anchovy fishery, with officials effectively canceling the season—threatening a major export and fish-oil supply chain. Mining & Investment Signals: Peru’s mining sector is drawing renewed attention after Fujimori’s election win, while corporate updates continue to point to ongoing capital plans across the region. Indigenous Land Pressure: Reports warn that an unprotected area in Peru’s Amazon housing isolated Kakataibo communities faces rising threats from illegal logging, drug trafficking, and roads.

Central Bank Continuity: Julio Velarde will stay at Peru’s Central Reserve Bank (BCRP) for a fifth term after meeting President-elect Keiko Fujimori, extending his tenure until 2031—an early signal of policy stability as Peru’s political transition locks in. Amazon Rights Under Pressure: Indigenous leaders warn that the Kakataibo Extremo Norte area—home to isolated peoples—faces rising threats from illegal logging, drug trafficking, and illegal roads, with calls for formal protection after a prior rejection by the Culture Ministry. Mining & Capital Markets: American Lithium says Fujimori’s confirmed win improves Peru’s outlook for critical minerals and investment, pointing to progress on its Falchani lithium and Macusani uranium projects. Corporate Finance: Paul Hastings advises Volcan Compañía Minera on its $220 million senior notes offering, underscoring continued access to debt markets for Peru’s mining majors. Trade & Policy Watch: Peru’s broader investment climate remains in focus as global forced-labor tariff reviews and Section 232 trade actions move forward, with potential spillovers for regional exporters.

Central Bank Stability: Keiko Fujimori says she asked Julio Velarde to stay on as head of Peru’s BCR for five more years, citing inflation control and monetary stability—Velarde agreed. Amazon Logistics & Aid: Peru’s Air Force carried out a “Wings of Hope” humanitarian air drop to Purús, Ucayali, delivering 1,500 kg of supplies with support from Ocho Sur, Gloria and DAS Peru. Mining & Water Risks: Peru’s Ombudsman warns illegal mining is driving new social conflicts and threatening water sources and ecosystems, with added risk to the Nazca Lines. Food & Tourism Demand: Kensington expands its Food & Wine Collection with new sample itineraries, including “Taste of Peru – Icons & Culinary Immersion,” betting on food-led travel. Trade & Tariffs Context: A US forced-labour hearing begins in Washington, part of a process that could raise duties on goods from countries failing enforcement—an external pressure point for regional exporters.