‘Very significant drop’ in Chilean economy expected amid rise in unemployment
Ross Brown/The Santiago Times Staff SANTIAGO – The minister for Economy, Development, and Tourism, Lucas Palacios says he expects a “very significant drop” in Chile’s…
Economy & Trade News
Chile to help LATAM Airlines after bankruptcy announcement
SANTIAGO – The Chilean government will make facilities available to LATAM Airlines to help the company to “quickly get out” of its current situation, Chilean…
IMF approves US$23.93 billion credit line for Chile
SANTIAGO – The International Monetary Fund (IMF) on Friday approved a two-year $24 billion for Chile under the Flexible Credit Line (FCL) as the South…
The Americas will bear the brunt of the pandemic job losses, ILO report
GENEVA – The Americas will bear the brunt of an estimated 305 million job losses that the coronavirus pandemic will cause worldwide between April and…
China allows citrus exports from Chile
SANTIAGO – China has opened its markets to receive all citrus fruits from Chile, the country’s Minister of Agriculture announced this week. It came after…
Costa Rica becomes 38th member of OECD
SAN JOSÉ – OECD countries unanimously decided last week to invite Costa Rica to become a member of the Organization. Costa Rican President Carlos Alvarado…
LATAM lays off 1,400 workers in Chile, Colombia, Ecuador, Peru
SANTIAGO – LATAM Airlines Group, the largest airline conglomerate in Latin America, has announced it is laying off as many as 1,400 employees from offices…
Fewer remittances because of COVID19 will hit hard Central and Latin America
NEW YORK – Remittances—the money that immigrants working abroad send home to families on a regular basis—have become a major source of funding for developing…
Chile requests IMF for 23.8 billion flexible credit line
WASHINGTON – The International Monetary Fund (IMF) ha said its managing director plans to approve Chile’s request for a 23.8 billion U.S. dollars Flexible Credit…
Chilean consumer prices rose 0.3% in March, and 3.7% in twelve months
SANTIAGO – Chile consumer prices rose 0.3% in March, the government’s statistics agency said on Wednesday, pushed upwards by a rise in food and education…