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Chile FinMin Larrain warns Bachelet government on growth

Jan 21, 2014

Chile’s finance minister Felipe Larrain has urged the incoming administration of Michelle Bachelet not to abandon pro-growth policies, following campaign pledges of major tax and education reforms to redress the country’s social divisions. “I’m concerned about one thing: growth,” he said in an interview with LatinFinance. “So I would say [to the incoming administration] ‘don’t forget growth.’ Growth is essential in trying to retain the opportunities for investment in our economy, to develop our entrepreneurs, to give them new ways to find new opportunities.” Bachelet, who ran on a platform of social policies to address a...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management