✈️ Peru on auto-pilot, Paraguay as a hub

Peru’s political instability has almost become a running gag among locals, many of whom went on with their lives while barely paying attention to the ousting of yet another president earlier this month, which crowned the country with its eighth head of state in just one decade. 

One reason this detachment is possible is that Peru’s economy has remained relatively stable in the face of institutional disarray, although some signs of decay are beginning to surface in this sector as well.

Unlike neighbors like Bolivia and Argentina, Peru’s inflation stood below 2% last year, the lowest in South America apart from dollarized Ecuador. Its debt bonds, meanwhile, are seen as among the safest in the region, trading at a mere…

Don’t miss out! Upgrade to unlock full access. The process takes only seconds with Apple Pay or Stripe. Become a member.

We’re here for readers who want to truly understand Brazil and Latin America — a region too often ignored or misrepresented by the international media.

Since 2017, our reporting has been powered by paid subscribers. They’re the reason we can keep a full-time team of journalists across Brazil and Argentina, delivering sharp, independent coverage every day.

If you value our work, subscribing is the best way to keep it going — and growing.