Our latest work from the Young Think Tankers examines Peru’s 2026 presidential elections, which have produced one of the most consequential and closely contested outcomes in the country’s recent democratic history. After a prolonged period of institutional instability that saw eight presidents in little over a decade, right-wing forces led by Keiko Fujimori narrowly prevailed over the fragmented left-wing opposition, securing 50.13% of the vote in the second round. This dossier explores the decline of Peru’s political crisis, the challenges facing Fujimori’s new administration in a fragmented bicameral Congress, and the broader implications for democratic governance and political stability across the Andean region. It also highlights how Peru is entering a delicate new phase in which the coordination of executive and legislative power behind a Fujimoriist agenda must be balanced against persistent territorial divisions, rising security concerns, and the need to restore public trust in democratic institutions. Foremost, the dossier delivers valuable considerations about Peru’s relationships with EU and Italy, and how this electoral result may impact them.