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Boric Says Government Won’t Insist on Limited Pension Withdrawal Bill

CHILE
  • President Gabriel Boric said it is necessary to “end with the idea that structural crises can be solved by using the people’s personal savings,” Chilean President Gabriel Boric told reporters.
    • The government will move on to more fundamental issues, such as a pension reform, he said.
  • On Tuesday, Chile’s Treasury sold ~$900m in peso-denominated bonds and ~$750m in CPI-linked bonds, according to data on the central bank’s website.
  • Chile moved a step closer to replacing one of the world’s most privatized water-allotment systems after writers of a new constitution approved a plan to dissolve property rights.
    • In a vote late Monday, a proposed system in which the state grants temporary and revocable permits for the use of water and wind reached the two-thirds majority required to be included in the draft document. (Bloomberg)

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