Peru

Peru Unveils New Regulatory Agenda

August 05, 2026

Peru’s new administration took office on July 28, 2026, beginning its five-year term. In her inaugural address (the Address) to Congress, President Keiko Fujimori outlined the administration’s policy and regulatory aims (the Agenda). This alert sets out key takeaways from the Address, highlights additional measures contained in the registered government plan (the Plan), and summarizes the implications for foreign investors and multinational groups operating in or considering the Peruvian market.

Key takeaways

The first phase of the Agenda may bypass ordinary legislative procedure. The Address announced emergency decrees and a request to Congress for delegated legislative powers to address environmental emergencies and public security. The enabling bill will finalize the list of matters delegated and define the reform’s real scope.
Announcements on public procurement and minimum wage could have broad cross-sector impact. The Address announced an overhaul of the public procurement system and an increase of the statutory minimum wage to PEN 1,300 per month, together with a one-off compensatory grant for micro and small enterprises.
A large-scale infrastructure pipeline. The Address proposed the expansion of the Lima and Callao metro network, metro systems in three regional cities, commuter rail lines, a major highway project, and a portfolio of road corridors and water infrastructure.
The Address does not exhaust the Agenda. Matters of direct interest to international investors that the Address did not discuss — mining, energy and hydrocarbons, quantified deregulation, commercial justice, healthcare and life sciences, and the financing model, including tax policy — are set out in detail in the Plan.
The Plan commits to broadening the contributory tax base and strengthening collection without increasing the burden on formal taxpayers already in compliance. The Plan proposes to reform the tax administration, with an associated target of reducing the fiscal deficit to one percent of gross domestic product (GDP) within the term. This is narrower than a commitment on tax rates and does not guarantee that any given taxpayer’s burden will remain unchanged.

Institutional context

Peru returned to a bicameral Congress under Law No. 31988, a constitutional reform approved in March 2024 and effective from the 2026 general election. The new 60-member Senate and 130-member Chamber of Deputies were sworn in days before the Address. The Senate acts as the reviewing chamber and exercises control over legislative decrees, emergency decrees, treaties, and state-of-exception decrees, which are directly relevant to the delegated powers requested in the Address.

The delegation of legislative powers to the Executive is constitutionally established in Peru: Congress may pass an enabling law specifying subject matter and a time limit, within which the Executive may issue legislative decrees with the force of law. Emergency decrees are a separate instrument, reserved for extraordinary economic and financial matters, and are subject to congressional review.

An inaugural address has no binding legal effect. Separately, government plans are registered with the National Elections Jury as part of the electoral process and they are treated as party documents rather than enacted policy. However, they indicate the technical details behind headline commitments. In this alert, we distinguish between what was announced in the Address, what the Plan contains, and the potential implications that could stem from them.

Announcements with potential regulatory effects

Emergency decrees

Emergency decrees were announced for two declared national emergencies: environmental impacts related to the El Niño–Southern Oscillation and public security. Measures announced include river dredging, riverbank defenses, watershed protection, deployment of heavy machinery, a rapid-response logistics system, and financial and technical assistance to affected agricultural producers.

Affected parties are encouraged to consider:

Emergency procurement regimes and their exceptions to ordinary rules.
Environmental certification and permitting for works in watercourses.
Eligibility criteria for agricultural assistance.

Delegated legislative powers

In addition to environmental impact and public security, the government also announced its intention to request delegated legislative powers related to operational, procedural, and prison-system reforms in coordination with the Judiciary and the Public Prosecutor’s Office. Delegation of legislative powers has an express constitutional basis in Article 104 of the Peruvian Constitution and has been used by previous administrations; therefore, the focus of the request is on the content and drafting quality of the decrees issued, and not the mechanism itself.

The government further stated that during emergencies, the Armed Forces would temporarily lead security operations and internal order control, in coordination with the National Police.

Affected parties are encouraged to consider:

The list of delegated subject matters and the delegation period.
Criminal procedure reform.
The regime applicable in jurisdictions under a state of emergency and its operational effects on business activity there.

Administrative measures and commitments for the first 100 days

The government announced the reactivation of small-business support programs, expanded credit access through the state development bank, strengthened state purchasing from small enterprises, and support for factoring.

In parallel, it announced an overhaul of public procurement — described in the Address as accounting for 24 percent of national expenditure — through consolidation of procurement procedures and strengthened control mechanisms, a deregulation program, the creation of a National Digital Authority and a digital identity for every citizen, and civil service reform.

Announcements related to procurement come in the context of several precedents. Law No. 32069, the General Public Procurement Law, was published in June 2024, entered into force in April 2025, and has since been amended repeatedly — including by Law No. 32515 in December 2025 and by Legislative Decree No. 1715, published in February 2026.

Peru has cycled through four procurement regimes in three decades — Law No. 26850, Legislative Decree No. 1017, Law No. 30225, and the current Law No. 32069. For international suppliers, the practical question is therefore whether the announced overhaul will take the form of another wholesale replacement or of implementation measures on the existing framework.

Affected parties are encouraged to consider:

Amendments to the public procurement framework and their transitional provisions.
Administrative simplification instruments.
The institutional governance of the Digital Authority.

Further possible measures in the coming months

The proposals summarized below were not discussed in the Address but are set out in the Plan, which is organized into three pillars and 22 themes, each with 100-day commitments and 2031 targets. They are cited as the content of that document, not as enacted policy. Several would require primary legislation.

Deregulation and administrative simplification

The Plan outlines a reduction of at least 40 percent in average processing times for investment projects, the elimination of more than 500 administrative procedures, and the consolidation of dispersed regulations.

It also proposes a national digital platform that uses artificial intelligence (AI), through which the government aims to have 80 percent of all business procedures completed digitally. Additional aims include the application of positive administrative silence where appropriate, standardization of municipal procedures nationwide, and binding maximum time limits for sectoral authorizations.

Of particular relevance to the private sector, the Plan proposes strengthening the Competition and Consumer Protection Agency’s role on bureaucratic barriers, with powers to conduct preventive supervision, random audits, and own-initiative sectoral reviews, in addition to ordering the removal of unlawful or unreasonable barriers without a prior complaint. If enacted, it would expand the avenues available to challenge administrative requirements.

Public procurement and anti-corruption controls

Within the first 100 days, the Plan proposes a pilot applying AI to public contracting in order to detect cost overruns and collusion risk in investment projects, together with real-time publication of all tenders, contracts, and amendments.

Suppliers to the Peruvian government may anticipate an environment of automated detection and comprehensive public disclosure of contract documentation, with corresponding implications for competition compliance and for confidentiality strategy in bids.

Mining

The Plan proposes modernizing the General Mining Law to introduce mandatory exploration and production timeframes, a fast-track mechanism for strategic projects, tax incentives for reinvestment, and a differentiated regime for artisanal and small-scale mining.

It further proposes an electronic mining single platform interoperable with the tax and water authorities and regional governments, completion of the traceability system for small-scale mining, mandatory remediation of environmental liabilities, and direct redistribution of up to 40 percent of the mining canon to communities in extraction areas.

The 100-day commitments include a package of public–private partnerships and works-for-taxes arrangements for mining corridors, a national environmental liabilities remediation plan, and joint police, military, prosecutorial, and tax-authority task forces against illegal mining.

Energy and hydrocarbons

The 100-day commitments include a national green hydrogen agenda, a call for solar and wind pilot projects, and a national fuel traceability system interoperable with the tax authority.

Targets to 2031 include raising non-conventional renewables to 20 percent of the electricity matrix and reducing dependence on imported refined products from 75 percent to 50 percent.

Commercial justice and dispute resolution

The Plan proposes mandatory electronic case files across all judicial districts, AI for predictive case analysis and docket allocation, an expedited order-for-payment procedure allowing monetary debts and small claims to be resolved without ordinary proceedings, and an aim to reduce average procedural times by 30 percent.

It also proposes a national corporate legal volunteering program involving companies’ in-house legal teams in support of the public defense system.

Industry, trade, and environment

The Plan proposes modern industrial parks and special economic zones, an upgraded foreign trade digital platform with a target of halving export-processing times, and an industrial product catalog linked to state purchasing.

On the environment, it proposes a public georeferenced national register of environmental liabilities, an Amazon fund, and real-time environmental monitoring platforms.

Healthcare and life sciences

The Address covered health diagnoses and proposed the expansion of health facilities and protection policies for elderly patients, but without proposing it as a sector policy. The Plan, by contrast, devotes a full chapter to these topics.

Five elements could have potential effects on the private sector:

Authorization for medicines registered in high-surveillance jurisdictions to enter the Peruvian market, which would shorten timelines for market access.
A national preferential-discount medicines program involving price regulation and quality standards, alongside promotion of generics and joint state price negotiation.
Separation of financing and service-provision functions in the public system and in the social security health insurer, together with tariff agreements between public and private institutions allowing patients to choose where they are treated.
Full interoperability of electronic medical records keyed to national identity numbers, with any sensitive-data processing implications that follow.
A pipeline of new hospital infrastructure organized by complexity tier.

The 100-day commitments include telemedicine for rural and Amazon areas, an expedited appointment system in priority hospitals, and a network of rural maternal and child health centers.

Financing model and tax policy

The Plan identifies public–private partnerships, works-for-taxes, and asset-based projects — i.e., the monetization of underused public assets — as its central instruments, together with a capped increase of up to one percent of GDP in debt earmarked for productive investment.

On tax, the Plan announces reforms to tax administration aimed at broadening the contributory base and strengthening collection without increasing the burden on formal sectors already contributing and in compliance, with an associated target of reducing the fiscal deficit to one percent of GDP within the term.

The proposal addresses pressure on compliant formal taxpayers and administrative reform, not tax rates, and it does not preclude the restructuring of particular regimes.

Pensions

Beyond the increase to the non-contributory, old-age transfer announced in the Address, the Plan proposes a universal pension floor, increases to minimum and maximum public system pensions, and an annual indexation rule.

The Plan contains no proposals to reform the private pension system. That observation concerns the Plan as a document and does not exclude the possibility that pension contribution rules may be enacted through broader labor formalization or through measures that unify the legal framework of employment.

Implications for international clients

Infrastructure and public contracting. The announced infrastructure pipeline includes completion of Lima Metro Line 2 and construction of Lines 3, 4, 5, and 6; metro systems in Arequipa, Piura, and Trujillo; a commuter rail connecting Lima with Ica and with Barranca; the New Central Highway; additional road corridors; and storage, irrigation, and water-treatment works.

Peru has used public–private partnerships, private initiatives, works-for-taxes arrangements, and government-to-government agreements to deliver projects of this type, and the Plan adds asset-based projects as a financing route. International contractors, sponsors, and lenders may wish to assess which delivery model is likely to apply to the assets relevant to them, and how procurement reform may affect qualification requirements and bid timelines.

Mining and energy. Although absent from the Address, these sectors are developed at length in the Plan. Groups with existing operations or exploration portfolios in Peru may wish to prepare a technical position on mandatory exploration and production timeframes, the proposed fast-track mechanism, reinvestment incentives, and traceability and interoperability requirements.

They are encouraged not to assume a prior consultation window: where reform is implemented by legislative decree, participation mechanisms related to ordinary legislative procedures may not apply, and a technical position may need to be prepared before a text is published rather than after.

Employment costs and workforce planning. The announced minimum wage increase to PEN 1,300 per month will affect payroll budgets, wage scales, benefits calculated by reference to the statutory minimum, and existing collective agreements.

This measure does not appear in the Plan, which contains no employment chapter; its technical design, timetable, and the treatment of the announced small-business grant therefore remain undefined. Groups with Peruvian subsidiaries should model the effect on the current financial year.

Security of operations and corporate criminal exposure. The Address focused on extortion, organized crime, drug trafficking, and illegal mining, citing that 24 percent of companies in Peru were victims of a crime in 2024, and announced dismantling criminal organizations through their leadership and their economic structures.

The government aims to take an asset-focused approach using laws and enforcement tools already in place, including:

Civil asset forfeiture under Legislative Decree No. 1373 and related protections under Law No. 32326.
The anti-money laundering reporting regime.
Corporate administrative liability under Law No. 30424, as amended by Law No. 31740.

Groups with operations, logistics routes, or contractor networks in Peru are encouraged to review extortion response protocols, crime prevention compliance models, and supply chain due diligence where exposure to illegally sourced minerals is possible.

Data, technology, and digital government. The National Digital Authority, citizen digital identity, interconnected surveillance, and the use of AI in crime-mapping raise concerns about data protection, interoperability, algorithmic governance, and tech procurement.

Peru’s Law No. 31814 promotes AI for economic and social growth, along with its regulation, Supreme Decree No. 115-2025-PCM, published in September 2025. It assigns AI oversight to the Presidency of the Council of Ministers’ digital government secretariat, emphasizing human oversight, transparency, non-discrimination, and high-risk and prohibited uses.

Supervision is managed by an executive body, making the government both promoter and user. Law No. 29733 covers personal data protection, relevant to impact assessments.

Trade and regional positioning. The government announced that it will prioritize the Pacific Alliance, the Andean Community, and the Asia–Pacific Economic Cooperation. This is consistent with Peru’s continued open-trade orientation, though no specific negotiation or instrument was announced.

Key considerations

Businesses may wish to consider the following:

Model the minimum wage adjustment across payroll, indexed benefits, and the current-year budget for Peruvian entities, before the publication of the implementing decree.
Review contractual exposure to the Peruvian government, identifying contracts in performance that may be affected by procurement reform or its transitional provisions, in addition to anticipating comprehensive public disclosure and automated review of contract documentation.
Map the administrative procedures critical to Peruvian operations, both in view of the announced elimination of procedures and binding authorization deadlines, and of the expanded own-initiative powers proposed for the bureaucratic barriers regime.
Reassess security and extortion risk across operations and contractor networks, particularly in jurisdictions under a state of emergency.
For groups with existing or planned investments, review available protections under Peru’s legal stability agreement regime and applicable investment treaties, and confirm whether current structures preserve access to them.

Looking ahead

This client alert discusses the Agenda as announced. DLA Piper will continue to monitor developments as Congress approves the law delegating legislative powers to the Executive. For more information, please contact the authors.

Written by Sergio Barboza and Luis Vargas

dlapiper.com

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