Overview
- The Council of Ministers will debate the urgent decree on December 29–30, with approval and publication expected in the following days.
- Economy Minister Denisse Miralles framed the move as an integral overhaul to stop routine transfers for debt service and to safeguard state assets, noting Treasury outlays as guarantor exceed S/17,000 million.
- Authorities pledged that workers’ social benefits will be respected and that regions where Petroperú ensures energy security will not face fuel shortages.
- The state is evaluating mechanisms to partner with private investors without selling assets to put key operations and infrastructure to value.
- Former officials split on remedies: ex‑president Alejandro Narváez urged depoliticized management and IGV relief in the Amazon, while ex‑vice minister Pedro Gamio rejected the tax idea and pushed for a strategic partner, debt fideicomisos, independent subsidiaries, and a minority investor in refining, storage, and commercialization.