Chile Unveils $1.3 Billion Plan to Boost Economy, Create Jobs
The plan targets infrastructure, housing and community projects, with incentives and faster public payments to ease unemployment that reached 9.5% in July.
- On Monday, Chilean President Jose Antonio Kast unveiled a $1.3 billion plan aimed at creating 100,000 jobs through infrastructure, reconstruction, housing, and community projects.
- Unemployment in Chile hit 9.5% in July, the highest level since 2021, and has remained above 8% for 43 consecutive months; Kast acknowledged that persistently high joblessness is a "major weakness" for his government.
- The plan mobilizes 1.3 trillion Chilean pesos in investment, with measures accelerating public investment, encouraging hiring incentives, and improving business liquidity by expediting public payments.
- Employment gains and economic activity from the plan will begin to be felt over the coming months and through 2027, as the government coordinates community projects to spur recovery.
- Heavily reliant on mineral exports, Chile has seen economic growth slow, and officials hope the new investment plan will stabilize the economy following the recent period of elevated joblessness.
36 Articles
36 Articles
The Chilean government has announced a set of measures aimed at reviving the country’s economy and creating 100,000 jobs, amid rising unemployment. At 9.5%, the official unemployment rate is at its highest level in five years, according to the Latin American country’s statistics institute. The government plan includes investments, projects and measures worth US$1.3 billion to boost employment; it is expected that “it will begin to be implemented…
Unemployment reached 9.5%, the highest level in the last five years, with greater pressure on women and young people
The Chilean government announced Monday a set of measures to revive the economy and generate more than 100,000 jobs, in a context of a strong unemployment crisis in the country.
The president of Chile, José Antonio Kast, released on Monday a plan of US$1.3 billion with the aim of creating 100,000 jobs through infrastructure, reconstruction, housing and community projects. In the summary of the plan, the government observed that unemployment remains above 8% 43 consecutive months ago. In the short term, this plan mobilizes 1.3 trillion Chilean pesos in investments, public works and employment measures to generate economi…
Chile's Kast unveils $1.3 billion plan to create 100,000 jobs
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