El Peruano25 Sep 2026

Moody's says Peru's mining boom offsets El Niño risks

Summary

Moody's Ratings said Peruvian non-financial and infrastructure companies enter the next two years from a position of strength, supported by a recovery in private investment and mining export demand, according to El Peruano. The agency forecasts economic growth of 3.4% in 2026 and 3.2% in 2027, noting private investment grew 17.6% in the second quarter of 2026 driven by mining. It cited a portfolio of 66 mining projects worth 64 billion dollars as of June 2026, including the 4.8 billion dollar Conga project. Moody's warned that a historically intense El Niño, expected to last until early 2027, threatens to disrupt mining, energy generation, fishing, agriculture and tourism.

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