Weekly Report - 29 April 2021 (WR-21-17)

CHILE: Piñera forced into another pensions climbdown

Chile’s President Sebastián Piñera has once again been forced to sanction a bill that allows individuals to withdraw part of their pension pots to help them deal with the economic hardship produced by the coronavirus (Covid-19) pandemic. Piñera is set against these measures but given the politically weak situation that he finds himself in, he could ill afford to block a popular initiative without facing a serious political backlash and renewed public protests. But this new climbdown raises further concerns about the long-term stability of Chile’s pension system and Piñera’s ability to govern the country effectively until his term ends next year.

End of preview - This article contains approximately 1362 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.