Tag: Rodrigo Valdes

• Wednesday, March 1st 2023 - 09:05 UTC

  IMF picks former Chilean Minister to replace Goldfajn

  

  International Monetary Fund (IMF) Managing Director Kristalina Georgieva Tuesday announced that Chilean Economist Minister Rodrigo Valdés had been chosen to succeed the Brazilian Ilan Goldfajn as Regional Director of the global agency. Goldfajn left his post to become President of the Inter-American Development Bank (IDB).

• Friday, September 1st 2017 - 09:35 UTC

  Bachelet replaces top economic officials: dispute over Chilean mining policy

  

  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.

• Tuesday, July 11th 2017 - 08:21 UTC

  Chile lowers growth forecast in 2017; June data showed surprise deflation of 0.4%

  

  Chile's government has cut its forecast for 2017 economic growth to 1.5% from 2.25%, Finance Minister Rodrigo Valdes said on Monday as the long-awaited recovery remains elusive.

• Tuesday, December 6th 2016 - 09:09 UTC

  Chilean economy contracts for the first time in seven years; minister blames “temporary factors”

  

  Chile's economy contracted for the first time in seven years in annual terms, as manufacturing and mining activity fell, potentially paving the way for the central bank to cut interest rates to spur growth. Economic activity fell 0.4% in October from the year-earlier month, the first annual contraction since October 2009, central bank data showed on Monday.

• Thursday, August 11th 2016 - 06:28 UTC

  Bachelet forced to introduce reforms to Chile's private pension system

  

  Under pressure from the public, Chile’s President Michelle Bachelet proposed changes to the most radical of all the economic reforms of former dictator Augusto Pinochet — the private pension system that inspired a wave of similar projects worldwide.

• Wednesday, March 16th 2016 - 07:24 UTC

  Latin American fiscal weakness and lack of 'tax culture' addressed in ECLAC forum

  

  Evasion is one of the main weaknesses of the tax systems in the Latin America and the Caribbean economies, accounting for 320 billion dollars in 2014 - according to the Fiscal Panorama of Latin America and the Caribbean 2016, launched by the UN regional office, ECLAC, in Santiago de Chile.

• Wednesday, March 9th 2016 - 07:13 UTC

  Pacific Alliance four members committed “to solid and orderly public finances”

  

  Pacific Alliance members' commitment to maintaining solid and orderly public finances, in a changing global economic environment is crucial to continue to attract investments, said Chile's Finance minister Rodrigo Valdes currently in New York with his peers from Peru, Colombia and Mexico, to promote the region.

• Saturday, August 8th 2015 - 09:31 UTC

  Chile's inflation climbs 0.4% in July to an annualized 4.6%; Peso slides 11%

  

  Chile’s inflation rate rose to the highest this year in July as the Peso approaches its weakest level in more than a decade. Prices climbed 0.4% in the month, the National Statistics Institute said on its website Friday. Annual inflation accelerated to 4.6% from 4.4% the month before, while the central bank target is between 2% and 4%.

• Thursday, July 2nd 2015 - 06:24 UTC

  Chile insists with Pacific Alliance/Mercosur intelligent convergence

  

  Chile will insist at the two-day Pacific Alliance summit which took off on Wednesday in Paracas, Peru, that a convergence with Mercosur is needed to ensure the integration of Latina America, and this is more evident now that both groupings face similar challenges such as falling prices for commodities, normalization of US monetary policy and an international context of slow growth.

• Tuesday, May 12th 2015 - 10:41 UTC

  In Chile when in difficulties turn right: former IMF deputy chief Finance minister

  

  In a move which has been interpreted as a right turn, economist Rodrigo Valdes was named as Chile's finance minister on Monday by President Michelle Bachelet, in a sweeping cabinet reshuffle in which four of her closest ministers were sacked or shifted into other roles. On Valdes' immediate to-do list is an upcoming 1.26 billion dollars international debt issue.