Fujimori

Peru’s Constitutional Court stripped Congress of the power to create or raise public spending. The Fiscal Council urged the incoming government to use this ruling to challenge costly existing laws, with a retroactive window allowing up to six years to file such challenges.

Peru's Fiscal Council warned that a $2.5bn budget increase exacerbates existing spending issues, leaving the incoming Fujimori government with limited fiscal flexibility. The alert highlights concerns about the inherited budget's sustainability.

Fujimori has established an Office of the President-Elect to manage the transition before July 28. Marco Vinelli and Miguel Torres will co-manage the office, which will audit ministry finances and operations. The opposition is actively resisting the transition.

Venezuela mourns victims of an earthquake, Peru prepares to crown Fujimori, and football provides a morale boost across Latin America. The report highlights these key events from July 2, 2026.

Fujimori's plan for Peru aims to attract $5 billion to $7 billion in annual investment, create 500,000 jobs, and eliminate over 500 bureaucratic procedures. Mining contributes 60% of exports and nearly 10% of GDP, with an undeveloped pipeline valued at $64 billion.

The World Cup opened in Mexico with a 2-0 victory over South Africa amid clashes near Azteca Stadium. Peru's election recount has begun, with Fujimori leading by approximately 1,000 votes. La Paz is experiencing a return to normalcy.

Peru's election runoff shows Sánchez leading, but Fujimori could still win due to the overseas vote favoring them and 1,500 contested ballots remaining to be counted before the mid-July proclamation.

Peru's election count flipped overnight, with Sanchez leading Fujimori by approximately 35,000 votes. No official winner has been declared yet, pending the JNE's ruling in July.

Peru's presidential runoff has left the country without a clear winner as Fujimori and nationalist Sánchez remain virtually tied. The vote count is ongoing, with no decisive outcome yet.

Peru is entering a close presidential runoff election between Fujimori and Sánchez. The outcome is closely watched by markets, particularly for the sol and Lima equities.

Peru’s presidential run-off election between Fujimori and Sanchez follows a chaotic first round marked by long lines, delayed results, and allegations of fraud. The initial voting phase faced significant logistical and procedural challenges.