1. INTRODUCTION
Peru is a democratic republic. Its government
is structured following the principle of the separation of the
three autonomous and independent branches of government: the
Executive, whose primary representative is the President of the
Republic; the Legislative or National Congress (unicameral); and
the Judicial. The President of the Republic and the 130 members of
Peru's Congress are elected every five years by a universal,
secret and direct vote.
Peru´s macroeconomic fundamentals remain solid, including
a relatively low public debt to Gross domestic product (GDP) ratio,
considerable international reserves, and a credible central bank.
Peru´s economy is expected to grow somewhat below its 3
percent pre-pandemic pace in the medium term, supported by higher
exports. Peru's economic performance is one of the best in
Latin America.
