Reconstruction efforts will turn Chile from capital exporter to importer, says IIF

Saturday, April 17th 2010 - 03:12 UTC

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Increased external financing requirements to cover reconstruction costs triggered by the earthquake and tsunami of February 27 will shift Chile’s external position from capital exporter in 2009 (largely the result of its dynamic private pension system) to capital importer this year and next, according to the Institute of International Finance, IIF. Read full article

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Bubba
Thanks to the rule of law and stability, they can handle the swings in the economy... lower graft and live better.
Apr 19th, 2010 - 07:14 am - Link - Report abuse 0
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