Delegates to the Constitutional Convention in Chile are preparing to vote on a controversial proposal that grants inalienable rights to flora and fauna, and that will reveal to the world just how green the new Constitution will be. If the plan is approved by two-thirds in a vote in the Convention plenary this week, it […]
Tag: Chile
Overwhelmed Chilean constituents face backlash
The lights of Chile’s old Congress building in downtown Santiago hardly ever go out these days, as delegates to the Constitutional Convention, thick files under their arms, move between rooms for grueling debates that can last up to 12 hours. During short breaks, they consult on complex articles. Every minute that passes is a new […]
Marcel promises to reduce economic uncertainty in Chile
Chile’s incoming Finance Minister Mario Marcel has pledged to reduce economic uncertainty and seek to control debt levels, as he prepares to take the reins of the economy next month as part of the new administration of the president-elect. , Gabriel Boric. Establishing a tax base that allows the new government to execute its plans […]
Chile wants plurinational judiciary with gender parity
Chile’s Constitutional Convention held its first plenary votes last week, declaring the judicial system independent, with gender and intercultural parity, and rejecting, for now, the coexistence of an indigenous legal system. A commission began debating proposals on the central bank. Some point to expanding its functions to take into account employment, the economy and the […]
Chile: Future Government Seeks to Calm Nervousness over Constitution
Updated on 02/22/2022 01:23 am The top adviser to Chile’s president-elect, Gabriel Boric, said he will strengthen contacts with the Constitutional Convention days after other key allies downplayed concerns about radicalism in the letter’s wording. The next Minister Secretary General of the Presidency, George Jackson, has been in contact with the convention leaders and they […]
Chile, the country where the ultra-rich have the largest wealth in Latin America, and in Peru?
Wealth in Latin America seems to be concentrated in Chile, and that country has the highest level of wealth among the ultra-rich in relation to the size of its economy, equivalent to 16.1% of the country’s Gross Domestic Product (GDP), as calculated by the Commission. Economy for Latin America and the Caribbean (ECLAC). According to […]
Chile prepares for the start of the transfer of power between Piñera and Boric
20 days after the conservator Sebastian Pinera give him the presidential sash Chile to the leftist Gabriel Boricthe teams of both administrations will prepare to begin the transfer of command this Monday, a process that since the return to democracy has always been orderly. The meetings will be inaugurated by the outgoing Minister of the […]
The south of Chile, a natural laboratory to curb climate change
The end of the coast of the Strait of Magellan, at the southern end of Chile, was in the middle of the 19th century a marked point in the cartography of the British settlers to easily locate the long-awaited “Río de Minas”, baptized for its proximity to the coveted coal deposits. Back then, this mineral […]
Toesca: Chilean stocks won’t be ‘forever’ cheap
Local institutional investors, such as pension funds, are timidly returning to the local stock market attracted by “extraordinarily low” valuations and after some political clouds have lifted, said Rodrigo Rojas, partner and director of Toesca’s equity investment area. Asset Management. “Things cannot stay cheap forever,” said Rojas, who manages the Toesca Chile Equities Mutual Fund, […]
President-elect of Chile says his government will not support new savings withdrawals in AFP funds
Updated on 01/24/2022 09:46 am The elected president of Chile, Gabriel Boric, assured that he will not support new withdrawals from savings in private pension funds, in charge of the Pension Fund Administrators (AFP) that were promoted by legislators to face the impact of the coronavirus pandemic. coronavirus. Opposition legislators, including the new president, supported […]