*Chile’s leftist President Gabriel Boric has unveiled two legislative bills that he intends to submit to congress with the aim of reducing the amount of time necessary to make major investments in order to boost economic activity. One of the bills aims to simplify and reduce the amount of time necessary to secure permits in different sectors while the other seeks to “modernise and improve” the country’s environmental approvals system. The latest monetary policy report (IPoM) released by Chile’s central bank (BCCh) yesterday forecast that Chile’s GDP posted no growth in 2023 although is forecasting growth of 1.25-2.25% this year.
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LatinNews Daily - 11 January 2024
In brief: Chile’s Boric seeks to boost investment by cutting bureaucracy
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