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Weekly Report - 14 May 2020 (WR-20-19)

CHILE: Government censures Cencosud

The decision by Chilean retail giant Cencosud SA to pay dividends to its stakeholders while at the same time benefiting from a government employee furlough scheme has been heavily criticised by the administration led by President Sebastián Piñera. With the government threatening to take Cencosud to court over the matter, the case has raised concerns that big business could be exploiting the emergency measures that the government has rolled out to safeguard jobs as it tries to overcome the coronavirus (Covid-19) pandemic and its economic fallout.

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