Peru Heads to Presidential Runoff as Fujimori and Sánchez Face Off in High-Stakes Election

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Peru votes today in a presidential runoff that has come to feel less like a choice between two candidates and more like a referendum on what kind of country it wants to be — and how much institutional chaos it is willing to absorb to get there.

Keiko Fujimori, leader of the conservative People’s Force, secured 17 percent of valid votes in the first round to make her fourth consecutive runoff appearance — a fact that speaks both to the tenacity of the woman and to the extraordinary fragmentation of Peruvian politics, where a crowded field of 35 candidates could be topped by a share of votes that would barely constitute a mandate anywhere else. She was followed by leftist congressman Roberto Sánchez with 12 percent.

The road to today’s vote has been anything but clean. A disorderly April 12 election day saw the delayed delivery of electoral materials hold up voting across dozens of polling stations, leading to an unprecedented one-day extension at sites in Lima and abroad. The subsequent review of thousands of disputed vote tally sheets slowed the count further, and the mounting backlash prompted the April 21 resignation of the head of the electoral agency. Fraud allegations — unsubstantiated but persistent — have hung over the process, feeding the kind of institutional distrust that has become Peru’s defining political condition.

Then came another blow. Prosecutors filed charges against Sánchez, accusing him of falsifying campaign finance disclosures — which he denies — the latest chapter in an ongoing battle that has further clouded an already murky race.

The two candidates represent a stark ideological contrast. Fujimori, whose last name evokes a time of oppression for many Peruvians, has campaigned on a platform to bring order to the country, with promises to attract foreign investment by cutting red tape. Sánchez, who has been campaigning in the sombrero given to him by Pedro Castillo — the leftist former president who beat Fujimori in 2021 but whose administration collapsed within 18 months — initially promised to nationalise large sectors of the economy and replace imports with local production, positions he has since softened.

Fujimori had been polling a few points ahead, but with around a quarter of voters still undecided heading into the final stretch, Reuters reported Sánchez could have narrowed the gap in the last week.

Hovering over all of it is a question that no election result can fully answer: whether Peru’s institutions are strong enough to survive whoever wins. Over the past decade, nine different presidents have governed the country, many of them forced into resignation or toppled by impeachment. Whoever is sworn in on July 28 will inherit not just the office but the accumulated wreckage of a political culture that has made governing nearly impossible and made cynicism the most rational response available to ordinary Peruvians.

Today, they vote anyway. All of them — voting is compulsory in Peru, with those who fail to cast a ballot facing the possibility of a fine, whether they are in the country or among the diaspora spread across 63 countries from Cuba to the United States.

The world is watching. So, with particular attention, are the investors, the mining companies, and the international lenders whose confidence in Peru’s future will be shaped significantly by who emerges from today’s count — and whether either candidate can govern a country that has made governing its most intractable problem.

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