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Weekly Report - 05 May 2016 (WR-16-17)

TRACKING TRENDS

CHILE | Infrastructure fund. On 3 May the government led by President Michelle Bachelet announced that it had sent to congress a bill calling for the creation of a new ‘infrastructure fund’ designed to boost the domestic construction sector and the weak national economy. In presenting the bill Bachelet explained that “the infrastructure fund will be a new dynamic tool… that will continue to boost our country’s development”. She went on to say that the initiative also calls for the creation of a new public entity that will be in charge of managing the fund, as well as the approximately US$9bn in concessions that the government has awarded in recent years and that are close to coming to an end.

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