Pacific Alliance

• Wednesday, September 1st 2021 - 09:20 UTC

  Chilean central bank surprises markets: basic interest rate doubled to 1,5%

  

  The Monetary Council of the Chilean central bank surprised markets on Monday by deciding to increase the basic interest rate 75 base points to 1,5%, the highest jump since August 2001. According to a bank release, the decision from the council was unanimous, and well beyond market expectations that had estimated an increase of 25 to 50 base points.

• Wednesday, September 1st 2021 - 09:10 UTC

  Ecuador wants to become full member of the Pacific Alliance

  

  Ecuador has requested to become a full member of the Pacific Alliance, an issue that was discussed by the country's president Guillermo Lasso during a recent visit to his Mexican peer Andres Manuel Lopez Obrador. Mexico allegedly announced its full support for Ecuador to join the four countries, Mexico, Colombia, Peru and Chile block, considered the most dynamic of the Americas.

• Tuesday, August 31st 2021 - 08:58 UTC

  Piñera's “Ten Pillars” to save water in drought stricken Chile

  

  Chile presented on Monday a “Plan to combat Drought” to increase the provision of water and improve its efficient use thus ensuring the supply for human consumption and the production of food.

• Saturday, August 28th 2021 - 09:31 UTC

  Peru's cabinet survives Parliamentarian vote of confidence

  

  The Government of Peruvian President Pedro Castillo and Prime Minister Guido Bellido has survived a vote of confidence motion at the national single-House Legislature controlled by the right-wing opposition.

• Tuesday, August 24th 2021 - 09:30 UTC

  Two center-left candidates to vie for Chile's presidency on November 21

  

  Chile's Progressive Party (PRO) leader Marco Enríquez Ominami Monday announced he would run for the country's presidency, which dealt an unexpected blow to the centre-left's efforts following the launch of Christian Democrat Yasna Provoste's candidacy Saturday.

• Friday, July 2nd 2021 - 09:20 UTC

  Chile's economy grows 18.1% thanks to pension withdrawals and state emergency funding

  

  Chile's Central Bank Thursday reported an 18.1% economic growth in May, which has brought it back to the pace of prepandemic levels.

• Monday, June 14th 2021 - 10:00 UTC

  Peru's electoral body to rule on Fujimori's appeal Monday

  

  One week after the presidential runoff, leftwing candidate Pedro Castillo edged conservative Keiko Fujimori by around 70,000 votes to become Peru's new President. But he cannot celebrate still until the National Electoral Jury (JNE) rule's on a petition to nullify some 200,000 votes from his opponent.

• Wednesday, April 21st 2021 - 06:32 UTC

  Colombia, South Korea strengthen bilateral relations during Seoul envoy trip to Bogota

  

  During his Bogota stop, South Korea's First Vice Foreign Minister Choi Jong-Kun expressed his country's concerns over Japan's intentions to release the contaminated water into the Pacific Ocean from the wrecked Fukushima nuclear plant, the Asian nation's Foreign Ministry announced Tuesday in a statement.

• Saturday, April 17th 2021 - 10:36 UTC

  Chile's judiciary imposes first ever jail sentence on politician found guilty of corruption

  

  Former conservative Senator Jaime Orpis has been bestowed Friday with the dubious honour of becoming Chile's first-ever politician to be handed down a jail sentence for his involvement in acts of corruption.

• Monday, April 12th 2021 - 10:40 UTC

  Chile has new immigration law after eight years in Congress

  

  Chile's President Sebastán Piñera Sunday signed into law the new migration law which spent eight years in Congress before being passed.