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• The panel discussion “Financing the Country’s Engine of Growth” will focus on the crucial role played by the Central Reserve Bank of Peru (BCRP), private banking, and alternative financiers.
• The goal is to analyze their contribution to the development of mining projects and the consolidation of Peru as a mining finance hub.

Lima, April 30, 2026. Against a backdrop of increasing diversification in financing structures and growing global demand for critical minerals, the SIMPOSIO – XVI International Mining Meeting, organized by the National Society of Mining, Petroleum, and Energy (SNMPE), will explore the role of the financial system as a fundamental pillar for enabling mining investments in Peru, in both greenfield and brownfield projects.

The panel discussion titled “Financing the Country’s Engine of Growth”, moderated by Adolfo Vera, President, CEO, and Director of Southern Peaks Mining LP, will focus on the crucial role of macroeconomic stability as a cornerstone of long-term mining financing.

As part of the panel, Julio Velarde, president of the Central Reserve Bank of Peru (BCRP), will share his perspective on how the predictability of key indicators—inflation, the exchange rate, and interest rates—helps reduce the cost of capital. Velarde will highlight the BCRP’s role as a guarantor of monetary and exchange rate stability, which is essential for attracting private investment and the continued development of large portfolios of mining projects.

The panelists will explore the transformation of the role of private banking, which has evolved from being a traditional provider of credit to a sophisticated risk manager and a key player in sustainability. Sebastián Arcuri, CEO and Executive Vice President of Scotiabank Peru; Luis Felipe Castellanos, CEO of Intercorp Financial Services; and Miguel Uccelli, CEO of Citibank Peru, will analyze this shift, highlighting how financial institutions now look beyond the economic viability of projects.

The executives will address the role of banking in ensuring compliance with Environmental, Social, and Governance (ESG) standards, which are crucial to investment decisions. They will discuss, from their perspectives on commercial banking and the financial system, how market volatility, regulatory requirements, and the growing demand for sustainable financing have influenced the relationship between the sector and the mining industry.

Another key point they will address, drawing on their experience and technical expertise, is the opportunity to create a mining finance cluster in Peru. They will discuss the banking challenges involved in consolidating this ecosystem, such as market performance and coordination among stakeholders. Finally, they will analyze the growing role of non-traditional financiers (specialized funds, streaming & royalties, private equity, etc.), which diversify financing, optimize capital structures, limit dilution, and provide technical validation for projects.

The SIMPOSIO – XVI International Mining Meeting will take place from May 26 to 28 at the JW Marriott Hotel in Lima, under the slogan “Mining that integrates, builds the present, and transforms the future”. It will bring together business leaders, government authorities, academics, and international experts to discuss the industry’s future amid high global demand for minerals.