Economy & Business - March 2021


CHILE | Ramping up pandemic aid. President Sebastián Piñera’s government has expanded economic relief programmes in the context of the coronavirus (Covid-19) pandemic, as the virus remains rife in Chile despite a successful vaccination programme (see p.11). On 11 March, Piñera announced a package of benefits for middle-class Chileans (earning up to Cl$2m [US$2,800] per month) whose income has been affected by the pandemic. It consists of a voucher worth between Cl$400,000 and Cl$600,000; a zero-interest ‘solidarity loan’ to make up for lost income; and a new rent subsidy. Four days earlier, on 7 March, Piñera had announced the extension and expansion of employment protection measures until June. These include the extension of the employment protection law, which allows companies to furlough employees and for these to receive unemployment benefits, and the expansion of a programme through which the government subsidises salaries to encourage the return to work of furloughed employees and the creation of new jobs. This adds to a support plan for the tourism & creative industries sector announced on 15 February, which includes Cl$55bn worth of subsidies.

End of preview - This article contains approximately 453 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.