Former student leaders, technocrats and regional representatives will be part of the moderate ministerial cabinet announced by the president-elect of Chile, Gabriel Boric, with which he will seek to promote the profound reforms he has promised in the world’s largest copper producer. The diverse ministerial train, with a majority of women, will have to deal […]
Tag: Chile
President-elect of Chile announces a moderate cabinet; Marcel will lead Treasury
The elected president of Chile, Gabriel Boric, appointed a moderate cabinet for his future government and with the current head of the Central Bank at the head of public finances, which was well received by the markets. The 35-year-old president described his ministerial train as “diverse”, with people of different origins and formations. “This cabinet […]
Good streak of Chilean assets at the mercy of the future cabinet
Updated on 01/21/2022 03:50 am Chilean assets have had an outstanding start to the year. Whether this streak continues in the coming weeks will depend on just one thing: whose president-elect, Gabriel Boric, name as his finance minister. Investors and traders have speculated for weeks on who will be the person who will lead economic […]
Maximum expectation in Chile for the presentation of Boric’s future cabinet
Chile awaits with great expectation the announcement this Friday of the future cabinet of the elected president, Gabriel Boric, about which no name has yet emerged, although there are several that are taken for granted. The presentation was scheduled for this Thursday, but was delayed a day because Boric’s former campaign manager in the ballot, […]
Chile contemplates a second year of heavy indebtedness
Chile’s government plans a second year of heavy borrowing in local and international markets in 2022 to finance social spending, even as the impact of the pandemic recedes. The country’s Treasury plans to sell $20 billion in debt this year, compared to the $19 billion forecast for 2021, according to a statement from the Ministry […]
OECD: Peru’s partners in the Pacific Alliance grow above expectations
Updated on 01/17/2022 10:51 am The Organization for Economic Cooperation and Development (OECD) continues to receive signs of economic growth above long-term forecasts in Colombia, Mexico and Chile, although in these last two countries the ceiling could have been reached. The OECD published the advanced composite indicators for December, which, as had been happening in […]
Chile faces record cases for the second consecutive day with more than 9,400 positives
Chile scored this Sunday a new daily record of infections of Covid-19 for the second consecutive day after adding 9,454 new infected, leaving the total balance at 1.87 million infections. According to information from the Ministry of Health, “the new confirmed cases increased by 144% compared to the previous week and 249% compared to the […]
Local court in Chile accepts judicial appeal and orders to paralyze recent lithium tender
A local court in northern Chile accepted an appeal for protection and ordered a halt to a tender for new contracts for lithium production that this week awarded quotas to the Chinese firm BYD and a local company. The Court of Appeals of the city of Copiapó, capital of the Atacama region, decided to accept […]
President-elect of Chile gives investors a reality check
President-elect Gabriel Boric has warned that Chile’s consumer spending boom is unsustainable and government finances are under pressure, delivering a reality check in one of the world’s fastest-growing economies. Growth must be driven by investment, while protecting the environment, Boric said Thursday at a business event in Santiago. Increasing government revenue through tax reform while […]
Boric confirms his turn to the center before the fearful Chilean business community
Aware of the fear that his alliance with the Communist Party arouses in the markets, the president-elect of Chile, Gabriel Boric, confirmed his turn to the center and promised “profound” changes to the local business community, but with “dialogue” and “fiscal responsibility”. “My words regarding gradualness and fiscal responsibility were not a campaign disguise, but […]