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Chile Finance Minister Announces New Stimulus to Kickstart Sputtering Economy
By Reuters
August 26, 2019 07:42 PM
SANTIAGO - Chile's finance minister announced on Monday $600 million in additional stimulus in an effort to kick-start the top copper producer's sputtering economy, which has suffered from a downturn in mining and global trade tensions.
Finance Minister Felipe Larrain said the administration of center-right President Sebastian Pinera planned to inject the funding, drawn from elsewhere in the country's budget, into road construction, subsidized housing, healthcare and water projects through 2020.
"The trade wars have worsened and Chile is not immune," Larrain told reporters.
Chile, which produces nearly one-third the world's copper, has suffered amid floundering global prices for the red metal.
More:
https://www.voanews.com/americas/chile-finance-minister-announces-new-stimulus-kickstart-sputtering-economy
