Chile’s central bank said it had revoked a reciprocal credit line with its Venezuelan counterpart, citing what it called Venezuela’s failure to pay back its debts. In a statement, Chile’s central bank said it had notified Venezuela’s central bank and that the line would be cancelled within 10 days.3 comments
The British Embassy in Santiago participated this month with over 30 British delegates and a GREAT-branded stand at Impac4, the world’s largest Congress on International Marine Protected Areas held in La Serena, a city located in the north of Chile. The Congress, hosted by the Chilean Ministries of Foreign Affairs and Environment, was followed by a High Level meeting in the city of Viña del Mar, near Santiago, Chile’s capital.1 comment
Chilean forestry company Arauco, a subsidiary of industrial conglomerate Empresas Copec SA, will invest US$185 million to build a new cellulose and textile pulp plant in the nation’s south, the company said on Thursday.1 comment
Conservative presidential candidate Sebastian Piñera is maintaining a wide lead in the polls ahead of Chile's November election, though the race to challenge him in a potential runoff is tight, according to a monthly survey. Piñera, who was president of Chile between 2010 and 2014, captured 34% of voter intentions in the survey by GfK Adimark, up from 32% last month.
Chilean President Michelle Bachelet officially created a 740,000-square kilometer marine reserve around remote Easter Island, a move that will protect dozens of species found nowhere else. The move follows five years of efforts by environmental organizations and the Rapa Nui people of Easter Island, famous for its extreme isolation and mysterious stone statues known as Moai.
Chile expects to close an energy swap deal with Argentina in the days ahead, Chilean Energy Minister Andres Rebolledo said in an interview Thursday. The neighboring nations are also negotiating the locations for five additional transmission line interconnection points, with an agreement expected as early as January, the minister revealed.
Chilean President Michelle Bachelet’s top economic officials resigned on Thursday after the cancellation of a major mining project, weakening her center-left coalition before November elections. Finance Minister Rodrigo Valdes said in a news conference some members of Bachelet’s government had not shared his sense of urgency to spur growth and attract investment to the world’s top copper producer.
An annual report by one of the world’s leading institutions working against financial crimes ranks countries around the world in terms of their money laundering risk levels, providing a sense of where Latin American nations stand when it comes to this important aspect of combating organized crime.
Chilean Constitutional court on Monday ruled that a law legalizing abortion in certain cases is constitutional, a win for President Michelle Bachelet’s ruling coalition and for groups that have campaigned for years against the country’s strict ban.
Chilean authorities have approved a US$2.5 billion expansion of BHP Billiton's Spence copper mine, a local newspaper reported, though the company has not yet decided whether to go ahead with the project.