Chile's economy grew at a modest pace in March, as a gradual rebound was weighed down by devastating floods and mudslides in its northern region, central bank data showed on Tuesday. The IMACEC economic activity index, which encompasses about 90% of the economy tallied in GDP figures, rose 1.6% in March from the same month a year ago.
Chile’s Finance Ministry Alberto Arenas, and the World Bank Group (WBG), represented by its Vice President for Latin America and the Caribbean, Jorge Familiar, signed a cooperation agreement to establish in Chile the first Research and Development Center in Latin America, and the second outside Washington, DC.
Chilean authorities and business people opened the London Stock Exchange on Tuesday as part of the Chile Day 2014 which is the country's foremost promotion event abroad for the financial and business sectors. UK Foreign Office Minister of State for Latin America Hugo Swire underlined that Chile in a key partner in the region.
Chile’s President-elect Michelle Bachelet ended weeks of speculation about the composition of her Cabinet as she prepares to re-take the presidency on March 11 following her overwhelming win with her New Majority coalition in December 2013. Three ministries will be crucial if Bachelet is to keep her education reform program: Education, Finance and Interior.