LatinNews Daily - 17 August 2020

* Chile’s President Sebastián Piñera has unveiled a US$34bn investment plan for 2020-2022, to promote economic activity and recover some of the 1.8m jobs lost so far during the coronavirus (Covid-19) pandemic. The plan includes an additional US$4.5bn for the ministries involved, and aims to create an estimated 250,000 jobs. Investment areas include public transport, road networks, airports, and river and irrigation works. According to an official press release, the public works ministry will execute a portfolio of 2,130 initiatives with an investment of US$9.36bn, of which US$2.89bn is new funding. The plan also includes incentives for private investment, and aims to prioritise 138 investment projects worth US$24.5bn for the 2020-2022 period. The United Nations Economic Commission for Latin America and the Caribbean (Eclac) has forecast that Chile’s GDP will contract by 7.9% in 2020.

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