Peru public investment up 10.1% but S/18.5B may remain unexecuted by 2026

Peru's public investment execution rose 10.1% between January and August, driven by regional and municipal spending. However, the Economic Construction Report (IEC) projects that S/18.5 billion will remain unexecuted by end-2026, indicating persistent inefficiencies in capital spending. This suggests limited fiscal stimulus and potential drag on growth, though the figure is an estimate and subject to year-end adjustments.