Peru Election: The End of Stability?

For years, Peru has defied gravity. The country has had eight presidents in ten years—a virtual power vacuum at the top of government—and yet the economy kept growing, the currency held strong, and the mining sector kept producing. That decoupling of politics and economics has kept Peru relatively stable and has prompted many in the private sector to argue that politics doesn’t really matter. But a first-round election marred by widespread logistical failures, fraud allegations, and a razor-thin race for second place—between leftist Roberto Sánchez, a former minister of the now-imprisoned Pedro Castillo, and right-wing populist Rafael López Aliaga—is now putting that resilience to its most serious test yet. Our guest is Luis Miguel Castilla, currently a Senior Visiting Fellow at the London School of Economics and former Minister of Economy and Finance of Peru.

You can listen to Peru Election: The End of Stability? online on Radio and Podcast. Open the player on this page to stream the available audio.

Peru Election: The End of Stability? is an episode from Deep South podcast by Americas Quarterly.

This episode is 32:39 long.

This episode was published on Apr 23, 2026.

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