ANDEAN CHILE: Agenda for change

Mar 1, 2014

Chile’s incoming government plans to introduce a raft of new legislation, including a landmark tax reform. But concern is growing that the proposals will limit investment in an already slowing economy. By Lucien Chauvin

Chilean president Michelle Bachelet may be returning to the job of running Chile, but she is taking over a country very different to the one she left four years ago.

Bachelet made an easy return to the presidency, first in a primary in her left-wing coalition and then by winning the general election with 62% of the votes.

The strength of her electoral victory and an ambitious agenda, particularly in the first 100 days, has led to much public expectation. The incoming administraton’s far-reaching plans include a significant tax reform and an education reform that risks dividing Chilean society, and even the president’s majority coalition in Congress.

"The government’s first 100 days are going to be difficult with everything they want to do. There is a lot of pressure and a lot of interests from different economic actors," says Santiago Mosquera, director for Latin American sovereigns at Fitch...

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