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Lower House Committee To Vote On Potential Pension Withdrawal

CHILE
  • Chilean lower house committee votes on a bill to allow a new round of pension fund withdrawals, the first of many steps before the proposal can become law.
    • Yesterday, Finance Minister Mario Marcel, told lawmakers that Chile’s annual inflation would near 16% if congress passes a new round of early pension fund withdrawals.
    • Mario Marcel speaks at seminar about sustainable economic development today at 8.30 local.
  • Central Bank Economist Survey is scheduled for 1330BST/0830ET.
  • Separately, Chile unveiled guidelines on Monday to ration water in Greater Santiago, home to more than 5.6 million residents, as the record-breaking drought enters the 13th year.
    • "We are in an unprecedented situation in the 491-year history of Santiago, where we have to prepare for times when there is not enough water for all residents," the Governor of the Santiago Metropolitan Region Claudio Orrego said in a press conference. (Xinhua)
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