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Government Announces $3.7 Billion Economic Stimulus Plan

CHILE
  • Details on the Chile Economic Stimulus Plan:
  • Government announces $3.7b stimulus plan which includes $1.4b in job creation programs, $1.3b in transfers to families, and $1b in support of small and medium-sized companies, according to a statement sent by the Ministry of Finance.
    • Prices of regulated public transport will be frozen in 2022
    • Resources will be mobilized mainly from the Glosa Republicana and the Temporary Emergency Fund (FET)
    • The plan includes measures such as an increase in the minimum wage to CLP400,000 this year and an extension of the labour stimulus program IFE to create 500,000 jobs. (Bloomberg)

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