Chile, whose name in the indigenous language means “border of the world”Is an isolated nation, nestled between the impenetrable Andes mountain range and the Pacific Ocean. Indeed, it is an island of 19 million inhabitants. But from the edge of South America, it has been able to permeate global consciousness more than once in a […]
Tag: Gabriel Boric
Venezuela or social democratic Europe, which will be Boric’s left in Chile?
The triumph of Gabriel Boric in the presidential elections in Chile raises the question of which left does he represent. Branded as “communist” by his critics, and allied with them, he nonetheless points to social democratic Europe as an inspiration for the “welfare state” he promotes. In a country with strong social inequalities, where 1% […]
Chilean markets take a breather after negative previous session due to leftist presidential victory
Updated on 12/21/2021 10:00 am The Chilean markets showed a little more calm on Tuesday after the sharp falls they experienced the day before after the resounding victory of the leftist Gabriel Boric in the presidential election. In a still hectic session, at 10:20 local time (13:20 GMT) the peso rose 0.85%, to 867.10 / […]
Analysts in Chile attentive to Boric’s Finance Minister’s election
Following his runoff victory, Chile’s president-elect Gabriel Boric will focus his attention on forming a cabinet that tries to satisfy allies and voters without further alienating nervous investors who have been selling assets. The economic scenario that the president will face is by no means simple. The country’s central bank forecasts that next year economic […]
Ups and downs in Chilean markets after the election of Gabriel Boric
Chilean markets exhibited great volatility on Monday, hours after the leftist’s victory at the polls. Gabriel Boric, a former student leader who in seven years jumped from occupying a seat in Congress to prevailing in the presidential election with an ambitious social government program. The ups and downs in the markets were expected by experts […]
Boric insists that there are “tremendous challenges” in Chile, expects to announce cabinet in a month
Chilean President-elect Gabriel Boric said he was aware of the “tremendous challenges” that his government will face, reaffirmed that he will conduct reforms “step by step” to safeguard the economy and that he hopes to announce to his cabinet within a month. Elected in a day of historic participation with a triumph widely celebrated by […]
Leftist Boric’s environmental reforms target Chilean mining companies
Climate change and environmental regulation will be a focus of the structural change proposed by the leftist government Gabriel Boric, which will target large mining companies operating in Chile. In his first speech after a resounding victory, the 35-year-old legislator underlined the impact of climate change and said that he does not want projects that […]
Boric and Piñera begin the succession in Chile amid a market crash
The elected and outgoing presidents of Chile, Gabriel Boric and Sebastián Piñera, took the first step in the succession on Monday, a day after the leftist won the elections comfortably, a result that caused the peso and the local stock market to fall. At the door of the palace, hundreds of people awaited the arrival […]
Chilean assets fall after victory of leftist Boric
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Chilean assets tumbled after left-wing candidate Gabriel Boric won a sweeping victory in Sunday’s presidential election, giving him the mandate to push ahead with reform of Latin America’s more open economy. The peso, foreign bonds and the main stock index registered their biggest drop in months. The currency weakened as much as 3% early Monday, […]
Economic and political turbulence on the horizon of the leftist Boric in Chile
With no majority in Congress to carry out his projects, with economic problems on the horizon and the task of healing a society that emerges battered from a polarized campaign, Chile’s newly elected president, the leftist Gabriel Boric, faces an uphill road. Experts say that one of the first tasks of Boric, whom his detractors […]