Peru allocates US$240M to boost fishing sector in 2025  

PERU – Peru’s fishing sector is set to receive a transformative boost as the government allocates S/895 million (approximately US$239 million) under the 2025 budget law. 

The Minister of Production, Sergio González, announced the funding during his presentation to Congress. The funding aims to address critical issues, foster innovation, and support the livelihoods of artisanal fishermen and aquaculturists.  

Combating illegal fishing takes centre stage among the initiatives. The allocated budget includes provisions for acquiring new patrol boats and conducting innovative surveys on artisanal fishing practices. 

This effort is part of a broader strategy to protect Peru’s marine biodiversity and ensure sustainable fishing practices.  

Additionally, over S/42 million (US$11.2 million) will be invested in enhancing infrastructure and equipment for the Pucallpa Amazonian Fisheries CITE and the Ahuashiyaku Aquaculture Fisheries CITE. 

These centres, dedicated to innovation and technological transfer, play a crucial role in advancing the fishing and aquaculture industries across the country.  

Improvements are also planned for key fishing docks, including those in Paita (Piura), Supe, Faro Matarani (Arequipa), and La Cruz (Tumbes). 

With S/64 million (US$17.07 million) set aside, these projects will support the modernisation of facilities and the completion of essential technical documentation.  

In related news, Peru will construct a new scientific research vessel with a total investment of S/215 million (US$57.33 million). 

The project, already underway with a S/50 million (US$13.33 million) initial transfer, will enhance marine research capabilities and bolster sustainable fisheries management.  

November saw the granting of 106 environmental certifications for investment projects worth over S/400 million (US$105.26 million), reflecting the government’s commitment to environmentally responsible development.  

Artisanal fishermen and aquaculturists will benefit from assisted loans with a symbolic interest rate of just 1%. 

These loans will enable improvements to fishing boats, engine replacements, and purchasing of balanced feed for aquaculture—critical as feed accounts for 70% of production costs.  

The Fisheries and Aquaculture Development Fund (FONDEPES) has established a revolving fund to ensure long-term impact. As loans are repaid, the funds will be reallocated to support other productive units, promoting continuous development within the sector.  

With these measures, the government aims to fortify the fishing, aquaculture, and industrial sectors, contributing to economic and social progress.

“This budget reflects our commitment to sustainable growth and innovation in the fishing sector,” said Minister González.  

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