IBOV 204,324.26 ▼ 1.06% IPSA 10,971.88 ▲ 0.05% IPC MEX 67,663.29 ▲ 1.31% MERVAL 2,859,051 — 0.00% COLCAP 2,580.50 ▼ 0.07% BVL PERÚ 59,543.73 ▲ 1.12% USD/BRL5.08▼ 0.41% USD/MXN18.38▼ 0.17% USD/CLP980.00▼ 0.51% USD/COP3,165▼ 0.93% USD/PEN3.44▼ 0.01% USD/ARS1,513▼ 0.03% USD/UYU40.24▲ 3.34% USD/PYG5,668▲ 2.74% USD/BOB11.60▲ 1.74% USD/DOP61.12▲ 0.20% USD/CRC449.12▲ 1.74% USD/GTQ7.64▲ 3.24% USD/HNL26.86▲ 0.35% USD/NIO36.62▼ 0.07% USD/VES877.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.44% EUR/BRL5.72▲ 1.36% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 204,324.26 ▼ 1.06% IPSA 10,971.88 ▲ 0.05% IPC MEX 67,663.29 ▲ 1.31% MERVAL 2,859,051 — 0.00% COLCAP 2,580.50 ▼ 0.07% BVL PERÚ 59,543.73 ▲ 1.12% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Friday, October 16, 2026

Peru Latin America

Peru Party Founder Quits Politics

By · October 16, 2026 · 6 min read
A white university building with a large blue and red UCV Universidad César Vallejo sign above a covered entrance, with students in the foreground
The Universidad César Vallejo campus in Lima, part of the university group Acuña founded. File photo. (Photo: Benedikt Vallendar, CC BY 3.0, via Wikimedia Commons)
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PERU · POLITICS

Key Facts

  • The country Peru is a major copper and gold exporter and a US free-trade partner, led since July by conservative President Keiko Fujimori.
  • What happened On Thursday 15 October, César Acuña, founder of the Alianza para el Progreso party, said “chau, política” and announced he is leaving politics.
  • Who he is Acuña is a university owner who served as mayor of Trujillo and twice as governor of La Libertad, and ran for president in 2026.
  • The result Acuña won 1.15% of valid votes, or 192,516 ballots, in this year’s presidential race, a small share of the total.
  • Why now He said he will devote himself full time to the Universidad César Vallejo, the private university group he founded.
  • Power Index Peru ranks 5th of 14 in The Rio Times Latin America Power Index, with 54.7 points (October 2026 edition).
  • Still open Who will lead his Alianza para el Progreso party, and whether he formally steps down from its leadership.

César Acuña, the founder of the Peruvian party Alianza para el Progreso, announced on Thursday 15 October that he is leaving politics for good. The Peru party founder said he will focus full time on the universities he built.

For foreign investors and US officials, the exit removes a familiar regional power broker as President Keiko Fujimori’s conservative government settles in. Acuña has been a congressman, mayor, governor and presidential candidate, and his party fields candidates in towns and regions across Peru.

What Acuña Said

Acuña spoke in Chepén, a town in the northern La Libertad region, according to El Comercio, one of Peru’s leading dailies. He said: “Chau política, dedicado a tiempo completo a formar a mis jóvenes,” meaning “goodbye politics, dedicated full time to training my young people.”

He told reporters he would encourage young people to enter politics but would not take part himself, Peru21 reported. “Ya participar en política, no,” he said, meaning he rules out a return.

A red clock tower, a fountain and the white municipal building of Chepén behind Peruvian and regional flags under a blue sky
Chepén, in La Libertad, is the town where Acuña made the announcement, El Comercio reported. File photo. (Photo: Martintops, CC BY-SA 3.0, via Wikimedia Commons)

Who Is César Acuña

Acuña founded the Universidad César Vallejo, a private university group with several campuses, and the party Alianza para el Progreso (APP). He still leads APP, according to RPP.

RPP, a Lima news outlet, lists him as a congressman in 2000 to 2001 and mayor of Trujillo from 2007 to 2014. He then governed La Libertad from 2015 to 2018 and was re-elected for 2023 to 2026.

A Weak Finish for the Peru Party Founder

Acuña resigned the La Libertad governorship in October 2025 to run for president, so he did not finish his last term, RPP and Peru21 reported. He has also said he believes he is doing more than any Peruvian president, according to Perú21.

La República, a Lima daily, reports that the National Jury of Elections gave him 1.15% of valid votes, or 192,516 ballots. Keiko Fujimori, the conservative leader, won the race and took office in July.

What It Means for Peruvian Politics

APP has fielded candidates for mayors and governors across Peru, including in the regional elections held this month. Regional runoffs are due on 29 November, listed in our full list of runoffs.

The Peru party founder’s departure leaves local candidates on their own. In Lambayeque, La República reports that APP mayor Edwin Vásquez said his team went into the race alone, without help from the party.

What It Means for You

Investors in Peruvian copper and gold should see little immediate policy change, because the Peru party founder holds no office and his presidential bid failed. The main open question is who will speak for his party’s local officials in dealings with the Fujimori government.

Travellers face no change in security or entry rules. The Peru elections guide explains how this year’s vote worked.

What Is Not Known

The Peru party founder did not say whether he will step down formally as head of Alianza para el Progreso. He also did not say who would replace him or whether the decision takes effect at once.

It is not yet clear how the party will choose its candidates for future elections. It is also open whether his universities will keep any ties to the party’s finances or events.

Frequently Asked Questions

Who is the Peru party founder César Acuña?

He is the founder of the Peruvian party Alianza para el Progreso and of the Universidad César Vallejo. He has been a congressman, mayor of Trujillo and twice governor of the northern La Libertad region.

What did he announce on 15 October?

He said “chau, política” and that he will devote himself full time to training young people at his university. He told reporters he will not take part in politics himself again.

How did the Peru party founder do in the 2026 race?

He won 1.15% of valid votes, or 192,516 ballots, according to official results cited by La República. Keiko Fujimori won the presidency.

Does this affect US investors in Peru?

Little changes at once, because Acuña holds no office and Peru’s economic policy is set by the Fujimori government. Local politics in the provinces may shift as his party loses its founder.

Sources: RPP, César Acuña anuncia su retiro de la vida política, 15 October 2026; El Comercio, César Acuña anuncia su retiro: Chau política, 15 October 2026; Perú21, César Acuña anuncia su retiro de la política tras las Elecciones 2026, 15 October 2026; La República, César Acuña anuncia su retiro de la política, 15 October 2026.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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