US EditionChile's Boric Taps Close Ally Grau as Finance Minister After Marcel’s Surprise Exit
14 Articles
14 Articles
Grau becomes Chile's new Finance Minister
Chilean President Gabriel Boric Font on Thursday appointed Nicolás Grau, previously the Economy Minister, as the new Minister of Finance, following Mario Marcel's resignation earlier in the day. Meanwhile, Álvaro García was chosen to replace Grau. Ignacia Fernández, former Undersecretary of Agriculture, took over as Minister of Agriculture in lieu of Esteban Valenzuela.
The former Minister of Economy and close collaborator of the president will assume the leadership of the financial policy in the final straight of the mandate, with tax and educational reforms in the agenda
Chile's Boric taps close ally Grau as finance minister after Marcel’s surprise exit
SANTIAGO - Chile's finance minister Mario Marcel, considered a stabilizing and pragmatic figure in President Gabriel Boric's administration, resigned on Thursday amid a wider cabinet reshuffle. Read more at straitstimes.com.
According to sources from La Moneda, Nicolás Grau, the current Minister of Economy and close to President Gabriel Boric will assume the portfolio of Finance, while the economist PPD, Álvaro García, will be the new holder of Economics. Grau is a Ph.D. in Economics from the University of Pennsylvania, and a master and commercial engineer from the University of Chile and has been part of the cabinet since March 2022. Among the main legislative achi…
Boric appoints Nicolás Grau as new Minister of Finance after Marcel's unexpected departureThe former Minister of Finance Mario Marcel helped reduce the perception of risk in Chile to the lowest level in years, which is no small thing in a government that initially intended to bury the country's free market economic model and supported a constitutional reform.His surprising resignation on Thursday shook the stock market operators.The cost of secu…
Earlier, local media reported the departure of Mario Marcel, who had been in office since the beginning of the government of Gabriel Boric in 2022.
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