Chile Day in London will take place on 6-7 September; it was announced at an event in the British embassy in Santiago de Chile. The initiative has grown steadily since its year of inception in 2011 and “this year promises to be a new focus, at an important time for both our countries”, said ambassador Fiona Clouder.
Chile's economy is likely to grow by 3.5% this year on the back of increased confidence in a new presidential administration and in improving global economy, the future finance minister said in a local newspaper published on Sunday.
Chile's economy is entering a mild slowdown phase after years of strong growth said Finance Minister Felipe Larrain on Friday. Chile has been expanding at about 5.8% on average for the past three years despite global economic woes while maintaining enviably low inflation and jobless rates.
Chilean authorities are feeling calmer with the exchange rate nearing 480 pesos per US dollar, Finance Minister Felipe Larrain said on Tuesday, as the currency retreated from the year-and-a-half highs it reached earlier this month.
Government expenditure in Chile expanded an estimated 5% last year while the economy grew 5.5%, making it the second consecutive year in which the economy outperforms outlays.
IMF Managing Director Christine Lagarde described Chile as one the most stable and prosperous nations in South America which has enjoyed robust growth over the last decade, but also warned it remains exposed to shifts in commodity prices.
The IMF said Thursday that it was unlikely to take action on Argentina failure to supply accurate statistical data before January, if the country misses a deadline next Monday.
Chile placed 1.5 billion in dollar-denominated bonds on international markets at historic yields, giving the country the lowest borrowing cost of any emerging country, Finance Minister Felipe Larrain said on Thursday.
The influential business newspaper Financial Times dedicated a special edition to the Chilean economic and social situation and concludes that given the massive demonstrations against energy projects and in favour of education reform, “doing business” in the country has become difficult plus there is growing disappointment in the middle class.
Chilean President Sebastian Piñra unveiled an education-heavy 2013 budget bill on Sunday, as he seeks to improve the conservatives’ credentials before municipal elections in October and next year's presidential election.