Peru after the polls: the new government of Keiko Fujimori and the challenges of her administration

22 days after the tight runoff election and with the ONPE count officially finalized, Keiko Fujimori’s presidential victory is confirmed by a narrow margin. Ahead of the inauguration on July 28, this new cycle raises a central question: will the new administration have the political conditions to sustain governability, or will it face a scenario of high fragmentation and permanent negotiation?

This period also inaugurates the coexistence of the Executive with a Congress that returns to bicameralism, composed of 130 deputies and 60 senators. This configuration reorders Peru’s institutional architecture and modifies the historic dynamic between both branches of government. The capacity for articulation in the face of this new parliamentary structure will be decisive for the viability of reforms, the building of consensos, and the democratic stability of the country.

For the private sector, this scenario anticipates an environment in which it will be key to understand not only the orientation of the new Government, but also how power is distributed, what legislative alliances could be articulated, and what risks could emerge in the regulatory agenda. Reading these strategic coordinates quickly will be fundamental to anticipate the impact on investments and build better spaces for institutional dialogue. No election is limited to the electoral data; its true impact lies in the governability it enables or restricts.