The current wave of social unrest in Peru is not an isolated incident. In the past three years, similar demonstrations have taken place in Chile, Colombia, and Ecuador, with locals taking to the streets to protest against a range of issues, including inequality, tax reforms, and rising prices. The global pandemic and Russia’s war on Ukraine have contributed to a general sense of dissatisfaction with the status quo, further exacerbating the current climate of unrest.
In Peru, over the past three years, GDP has maintained a steady 3 percent growth rate. But the ongoing political turmoil in the aftermath of former president Castillo’s disruption of democracy through a failed coup d’Etat has led to roadblocks, airport shutdowns, and other forms of economic disruption, particularly in key sectors such as mining, agriculture, and tourism. The cost of protests, as cited by Economy Minister Contreras in December, was estimated at $21 million dollars per day.
What additional mechanisms can the international community offer to protect foreign investors during periods of social unrest? How has Peru’s private sector managed operations during the ongoing political crisis? What are some of the tools available to Boluarte’s government to mitigate economic disruptions resulting from social unrest?
Join us virtually on Wednesday, March 15, from 2:00 to 3:00 p.m. (EDT) for a public event to analyze the effect of social unrest in local and foreign investment across Latin America, with a specific focus on Peru.
Ambassador Jaime Cacho Sousa
General Director of Economic Promotion, Ministry of Foreign Relations
Republic of Peru
National Summit of the Americas Coordinator, Bureau of Western Hemisphere Affairs
US Department of State
Fernando Calmell del Solar
Association of Peruvian Entrepreneurs (ASEP)
50+1 Grupo Análisis Político
Senior Director, Latin America and the Caribbean
National Endowment for Democracy
Head of Economic Research
Senior Director, Adrienne Arsht Latin America Center
Deputy Director, Strategic Development, Adrienne Arsht Latin America Center
The Adrienne Arsht Latin America Center broadens understanding of regional transformations and delivers constructive, results-oriented solutions to inform how the public and private sectors can advance hemispheric prosperity.