Protests prompt $5.5B recovery plan in Chile

Dec. 03, 2019 5:31 AM ETiShares MSCI Chile Capped ETF (ECH), CHECH, CHBy: Yoel Minkoff, SA News Editor2 Comments
  • Chile plans to roll out a $5.5B economic recovery plan and issue more debt in foreign currencies amid the country's worst monthly contraction in a decade.
  • Riots began on Oct. 18 over a hike in metro fares but quickly spiraled into mass protests, arson and looting.
  • Finance Minister Ignacio Briones already slashed the forecast for economic growth this year to 1.4% from 2% just a month ago, and put next year’s expansion at 1%-1.5% instead of 2.3%.
  • ETFs: ECH, CH

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