Overview
- The Central Reserve Bank reported Q1 2026 private investment rose 13.2% while mining investment jumped 41.2%, driven by project spending and infrastructure work.
- Julio Velarde said in speeches on May 29–30 that a roughly $47 billion portfolio of mining projects could add about 3.25 million tonnes of copper and potentially lift Peru past Chile in output if fully executed.
- Velarde identified excessive administrative fragmentation as a major barrier, noting 29 public entities, 13 ministries, nine technical bodies and more than 200 separate procedures slow approvals and raise costs for developers.
- He warned that Peru did not save excess revenues in the last decade as it did during the 2005–2013 boom, leaving fiscal deficits and higher current spending that reduce the state’s capacity to support and sustain investment when prices fall.
- If authorities simplify approvals, strengthen legal certainty and adjust fiscal policy, completed projects would expand construction and services jobs and boost exports, so markets will watch government moves on regulation, permitting and fiscal rules closely.