on Thursday presented the Multiannual Macroeconomic Framework (MMM) 2026–2029, approved by the Council of Ministers, which sets out projections for Peru's main macroeconomic and fiscal variables.
The Multiannual Macroeconomic Framework 2026–2029 forecasts average GDP growth of over 3% during this period, accompanied by an orderly process of fiscal consolidation, in line with current rules.
Economy and Finance Minister Raul Perez Reyes highlighted that the MMM estimates confirm the Peruvian economy's solid performance, driven by the dynamism of private investment in mining, infrastructure, and Public-Private Partnerships (PPPs), as well as by a responsible fiscal policy.
Between 2026 and 2029, the Peruvian economy is expected to grow by an average of 3.2%, with mining investments forecast at US$8.6 billion, along with the start of investments from awarded PPP initiatives, new awards, prioritized addenda, and strategic projects in sectors such as transport, energy, and agribusiness.
In this regard, increased primary supply in sectors such as mining and agriculture will contribute to higher exports, according to the MMM.
Additionally, with the aim of boosting medium-term growth, the government will promote logistical and commercial development through major infrastructure projects to strengthen the economy's competitiveness and productivity, the document states.
It should be noted that the MMM projects a global economic growth rate of 2.8% in 2025, while global GDP is expected to recover and converge toward an average increase of 3% for the 2026–2029 period.