AGP Executive Report

Port Connectivity: DP World helped sign a PortMiami–Port of Callao sister seaports agreement, setting up cargo, cruise, data-sharing, and technical working groups between the U.S. and Peru’s main maritime gateway. Public Broadband Upgrade: Gilat Perú won a $28m Pronatel contract to upgrade broadband across Peru’s Ica region, aiming for 20x faster speeds for 116 public institutions and free Wi‑Fi in 30 public squares by mid‑2027. Agri Exports Watch: Peru’s blueberry outlook for 2026/27 was revised down again by Proarándanos to 366,000 metric tons (down 4%), with exportable volumes expected to soften despite more hectares. Mining & Water Compliance: Camino’s Puquios project in Chile cleared a key step after meeting a $1.7m water guarantee, allowing diversion and channeling works for surface water infrastructure. Trade & Labor Risk: A Peru-made men’s apparel brand said new U.S. forced-labor tariffs under Section 301 (including a 12.5% rate for Peru) complicate exports even for WRAP-certified factories. Regional Policy: A proposed Latin America “ecocide” law would create criminal liability for severe environmental destruction, targeting top decision-makers. Brazil Politics Spillover: Brazil’s election heads to a Lula–Flávio Bolsonaro runoff on Oct. 25, a result investors and Peru’s trade partners will watch for policy direction.

Brazil Election: Brazil’s presidential race is headed to a runoff on Oct. 25 after neither Luiz Inácio Lula da Silva nor Flávio Bolsonaro won a majority in the first round, setting up a high-stakes contest over cost of living, corruption and security. Climate & Food Security: A major study warns that intensifying climate disasters are raising risks for child marriage, teen pregnancy and violence against girls, with Peru included among affected countries. El Niño Fallout: Reporting highlights how stronger El Niño conditions could worsen heat impacts across parts of Latin America, adding pressure to housing and cooling access. Peru Links to the Region: Peru is mentioned in the context of climate risk and in a separate case involving Peruvian-sourced drugs intercepted abroad. Drug Trafficking Case: UK police say packages posted from Peru carrying the Class A psychedelic DMT were seized and a “home laboratory” was found, leading to a five-year prison sentence. Maritime Security: Papua New Guinea calls for stronger international cooperation and surveillance to fight illegal fishing, including intelligence sharing with Peru.

Regional & Municipal Elections: Peru’s ONPE says polling tables will run 7:00 a.m. to 5:00 p.m. today, with 89,000+ tables at 10,000+ voting centers nationwide, as more than 26 million Peruvians choose 13,148 regional and municipal authorities for the 2027–2030 term; the Armed Forces and National Police are providing permanent security, with 41,000 troops deployed since midnight Saturday. Archaeology & Tourism: A Polish-Peruvian team using drone LiDAR has identified 2.5+ km of previously unknown Inca roads near Machu Picchu, expanding the mapped network of settlements and platforms around the site. Biodiversity: Peru’s Natural History Museum of San Marcos reports a new lizard species, Liolaemus archipensis, found above 4,800 meters in Arequipa. Climate Watch: Scientists warn a Kelvin wave tied to strengthening El Niño could raise sea levels and worsen flooding risks along the Pacific coast, including Peru.

Archaeology & Tourism: A Polish-Peruvian team using drone LiDAR has mapped over 2.5 km of previously unknown Inca roads near Machu Picchu, expanding what’s known about the area’s road-and-settlement network. Biodiversity & Environment: Peru’s Natural History Museum of San Marcos announced a new Andean lizard species, Liolaemus archipensis, found above 4,800 meters in Arequipa. Commodities & Markets: A market outlook argues copper could keep rising toward 2028 as demand grows and supply tightens, with copper framed as a key global economic barometer. Regional Politics: Brazil’s presidential race heads to Sunday voting between Lula and Flávio Bolsonaro, with the campaign spotlighting sovereignty, crime policy, and tensions with the Trump administration. Peru Security & Governance: Peru plans to deploy 57,000 police for October 2026 election security, underscoring the country’s push to manage political risk. Health & Risk: A new lizard discovery and separate reports on plague in Siberia both highlight how quickly biology and public health risks can surface.

Peru Election Security: Peru will deploy more than 57,000 police officers for the Oct. 4 regional and municipal elections, with about 46,000 at polling sites and 11,000 tasked with transporting electoral materials, aiming to keep voting orderly for 26M registered voters. China’s Latin America Pull: A Latinobarómetro survey cited by The Economist says favorability toward China rose across 15 of 17 Latin American countries over two years, including Peru, while views of the U.S. fell in 15 of 17. Regional Crime-Finance Focus: A Guatemala AML/terror-financing overhaul highlights a broader shift in Latin America toward tracking and dismantling criminal financial networks, not just arresting kingpins. Peru-Linked Business/Markets: Peru’s mortgage loans rose 7.6% year-on-year in Aug. 2026, while El Niño risk is flagged as a growing economic threat for the region. Crypto Funding: Jeeves raised $110M to expand stablecoin-native banking/payment tools across 35 countries, underscoring continued LATAM and global fintech momentum.

Defense & Diplomacy: U.S. lawmakers are pushing back as the Trump administration plans to reprogram $52.1 million in Foreign Military Financing meant for Ukraine, Europe and Middle East partners toward Panama, Peru, Ecuador and Colombia—an action the ranking Democrats say violates Congress’ intent. Peru Courts & Crime: Peru’s justice system sentenced “Jhonsson Pulpo” to 35 years after reopening an earlier case tied to a 2020 market robbery and shooting in La Libertad. Jobs & Education: President Dina Boluarte announced measures to facilitate employment for secondary school graduates, including coordination between the Labor and Education ministries and new technical workshops. Business & Trade: Peru’s export-led growth is being tested by political instability, but recent reporting points to continued macro discipline and investor confidence. Environment & Extractives: Research presented to Pope Leo XIV highlights how mercury from Amazon gold mining spreads through ecosystems and reaches vulnerable Indigenous communities. Regional Energy: Ecuador announced a December 2026 tender for remote Amazon oil blocks near Peru, despite Indigenous groups rejecting the plan.

Brazil Election Watch: Brazilians vote Sunday in a tight presidential race between Lula and Flávio Bolsonaro, with investors focused on fiscal risk and the broader question of how much U.S. pressure will shape outcomes. U.S.-China & Peru Trade: The U.S. revoked visas of a Peruvian judge tied to a Chancay port dispute involving a Chinese firm, spotlighting Washington’s growing rivalry with Beijing in Latin America. Copper Deal Pressure: China’s antitrust regulator is reportedly asking Anglo American to commit to steady copper concentrate supply as a condition for approving its Teck merger—another reminder that critical minerals are now geopolitical leverage. Stablecoin Banking Funding: Jeeves raised $110M to scale stablecoin-native banking for global enterprises, aiming to speed cross-border payments across dozens of countries. Peru Finance Snapshot: Peru’s central bank data points to mortgage loans rising 7.6% year-on-year in August 2026, while credit to the private sector grew 10.3% year-on-year. Climate Risk for LatAm: Reports warn intensifying El Niño is raising economic and food risks across the region, with Peru and neighboring markets likely to feel the impact.

Mining & Exploration: Patriot Resources says it has launched a larger exploration push at its Tassa silver-gold project in southern Peru after a maiden sampling campaign at the Pachamayo target, aiming to extend a mineralised corridor beyond its 31.4-million-ounce silver-equivalent inferred resource. Public Health & Agriculture: Peru’s SENASA temporarily suspended glyphosate and four other pesticides in plant-based foods for domestic consumption following a Constitutional Court ruling, with lifting tied to technical reevaluation and traceability controls. Mortgage & Credit: Peru’s central bank data shows mortgage loans rose 7.6% year-on-year in August 2026, with growth driven by loans in soles. Energy & Renewables: Milky Mist commissioned a 10 MW solar project in Tamil Nadu (part of its broader renewable buildout), underscoring how manufacturers are using solar to cut power costs and improve reliability. Environment & Climate Risk: UNICEF estimates 25.8 million children across Latin America and the Caribbean face very high El Niño-related rainfall risks, threatening water, food, health and education access. Corporate Finance: Chakana Copper elected to move to semi-annual reporting under a Canadian blanket order, shifting interim filings from quarterly to twice yearly.

Peru–U.S. Trade: Peru’s fresh blueberry exports to the United States jumped 80% in the first seven months of 2026, with Peru shipping 84,800 tons and export value rising 65% to $620M, despite El Niño heat. Retail & Expansion: Inchcape agreed to buy Volvo retail operations in Peru and Costa Rica and a Jaguar Land Rover business in Peru, adding aligned retail locations across the region. Energy & Finance: inDrive.Money said driver loans in Latin America more than doubled in H1 2026, with Peru demand up 128%, as gig workers seek formal credit via app-based scoring. Policy & Governance: Peru’s electoral jury is investigating the foreign minister over a neutrality breach, while the U.S. revoked 27 visas tied to corruption allegations involving officials from Bolivia, Colombia, Ecuador and Peru. Business Climate: Peru is pitching $39B in projects to Korean firms to attract new capital, as the government courts foreign investment.

Peru Investment & Trade: Peru is pitching $39 billion in projects to Korean firms as the government courts fresh foreign capital, while separate coverage flags pressure on exports and the push for tariff relief after levy hits US$5.3B in exports. Minimum Wage & Labor Costs: Peru’s President Fujimori moved to raise the Minimum Living Wage, targeting support for roughly 600,000 workers’ households and signaling a continued shift in labor policy. Ports & Logistics: Chancay’s Shanghai route is gaining momentum, with cargo growth reported as the corridor logs 170 voyages from Jan–Aug and volume up 13.7%. Mining & Energy: First Quantum provided an update on Cobre Panamá, as the broader region watches how mining deals manage environmental and social priorities. Climate Risk to Business: El Niño coverage warns of intensified impacts on Peru’s marine and fisheries systems, with planning advice for sectors exposed to weather-driven disruptions. Tech & Payments: Celo announced USAT stablecoin support for agentic payments on its x402 facilitator, with Peruvian sol slated for upcoming stablecoin additions.

Payments & Treasury: PXP teamed with OKTO Payments to expand locally operated Latin American payment rails, adding instant pay-ins/payouts and treasury/liquidity tools across Brazil, Mexico, Colombia, Chile, Peru and beyond. U.S.-Peru Security & Travel: The U.S. is widening “Shield of the Americas” visa restrictions tied to transnational organized crime, with Peru named among countries in a Sept. 22 joint declaration. Korea Investment Push: Peru’s ProInversión pitched 85 rail and infrastructure projects worth about $39B to Korean firms in Seoul, spotlighting Lima Metro lines 3/4/7 and new rail links. Trade Logistics: Chancay Port’s expansion is gaining momentum, with reports highlighting faster clearance and a new trade flow. Mining & Climate Risk: Coverage flags Peru’s exposure to El Niño impacts on rainfall and marine resources, while other reports track mining export growth and the broader critical-minerals race. Local Governance/Business Climate: Peru’s Congress leadership reiterated legal stability and investor-friendly rules as the country targets competitiveness and jobs toward 2027.

El Niño Watch: Peru’s ENFEN commission raised the Coastal El Niño alert to 88%, warning of extraordinary intensity through January 2027, with heavier rains starting in November and major impacts on precipitation, river flows and marine resources. Trade & Logistics: A new China-Peru mutual recognition on the Chancay–Shanghai route lets both sides accept cold-treatment probe checks for Peruvian blueberries, cutting on-site inspections and speeding clearance; the route has already reduced sea transit time and logistics costs. Minimum Wage Push: Peru’s president signed a decree raising the Minimum Living Wage, aimed at benefiting about 600,000 workers’ households. Mining Exports: Peru reported mining exports up 55.4% through July 2026 to US$49.584B, underscoring continued momentum in the sector. US Visa Crackdown: The U.S. revoked or restricted visas for officials and businesspeople from Peru and other countries under the “Shield of the Americas” anti-corruption and anti-drug trafficking effort. Payments Innovation: Swift is moving toward “pay-by-alias” style cross-border consumer payments, aiming to make international transfers feel as simple as domestic ones.

Cross-Border Payments: Swift says it will let people use familiar identifiers like mobile numbers, email and virtual payment addresses to send money abroad with a more “domestic” feel, building on its June consumer payments framework now involving 100+ banks. Energy & LNG: EIG’s MidOcean Energy will join LNG Canada Phase 2 with PETRONAS, adding two liquefaction trains and doubling capacity to 28 mtpa. Mining & Markets: First Quantum set Oct. 28 for its Q3 2026 results, while Peru-linked exploration is noted via its La Granja and Haquira work. Peru’s Gold Economy: A report highlights how gold has overtaken cocaine as Peru’s most profitable criminal industry, underscoring the scale of illicit mining. U.S. Visa Crackdown (Region, incl. Peru): The U.S. revoked visas of officials in Bolivia, Colombia, Ecuador and Peru tied to alleged corruption or drug trafficking. El Niño Watch: Coverage warns a “super” El Niño could drive extreme rainfall and food-price pressure, with Peru among the regions likely affected.

US Visa Crackdown: The Trump administration announced new visa limits and revocations for officials and former officials from Bolivia, Colombia, Ecuador, and Peru, citing alleged corruption and drug trafficking under the “Shield of the Americas” push. Peru School Safety: A 16-year-old boy is accused of being raped by classmates on a Peruvian navy-run school bus, prompting renewed scrutiny of failures in student protection and sex education. Judicial Cooperation: Eurojust and the UAE signed a working arrangement to boost information-sharing against serious cross-border crime, including fraud and cybercrime. Peru Wildlife Trade Watch: A Mongabay Latam report says Peru’s shark fin seizures haven’t stopped the issuance of export permits for threatened species, raising questions about enforcement. El Niño Risk: Coverage highlights how a potentially severe El Niño could worsen disaster impacts, with calls for stronger preparedness. Sports & Business Angle: Peru’s president moves on minimum wage and investment promotion, while regional trade and finance items include Peru-linked solar project financing and export updates.

Energy Finance: Proparco and Santander are financing Grupo Enhol’s 467MW solar PV project in Peru, positioned to become the country’s largest solar plant and potentially supply about 2.5% of national electricity once it starts commercial operations next year. Mining & Costs: A potential US diesel export ban could hit Latin American metal producers hard, with Peru and other copper-heavy economies among those most exposed to US fuel imports—raising pressure on already high mining costs. Mining Updates (Peru-linked): Rio2 said super El Niño-driven winter storms in Chile and Peru disrupted ramp-up at its Fenix Gold mine, though safety and key facilities were maintained at reduced capacity. Corporate/Capital Markets: Petroperú secured US$475 million in bridge financing, while Latin Metals said warrant exercises brought in C$1.875 million to fund partner-backed exploration. Governance & Security: Peru’s broader regional context includes Colombia’s extradition push against narco-terror figures, underscoring cross-border security and legal cooperation themes. Climate Risk: El Niño is intensifying to very strong levels and expected to last into early 2027, with direct implications for food supply and agricultural planning.

Peru Security & Diplomacy: President Keiko Fujimori tied Peru’s push against transnational organized crime to the U.S.-backed Shield of the Americas, citing joint operations with the FBI and warning that criminal networks “do not respect borders.” Trade & Logistics: The Chancay–Shanghai route logged 170 voyages in Jan–Aug and lifted cargo volume 13.7%, with Peru also shipping fresh blueberries via the express service. Payments & Gaming: EBANX and NetEase Games Club expanded local payment options in Peru (including PagoEfectivo) to help players buy games without credit cards. Business & Markets: Peru’s President Fujimori used UNGA and NYSE events to court investors, pitching Peru as “key” and inviting global companies to bet on the country. El Niño Risk: A new explainer highlights the coming “Godzilla El Niño” and why Peru and the region should prepare for harsher weather. Public Safety: Search efforts continue for missing Australian hiker Jordan Yap in Peru’s Huayhuash range.