US EditionConstruction Entrepreneurs by Project that Eliminates the Uf: “It Would Be a Tombstone for Mortgage Credits”
10 Articles
10 Articles
This Thursday the president of the Chilean Chamber of Construction (CChC), Alfredo Echavarría, referred to the initiative that seeks to eliminate the Development Unit (UF) as a system of readjustability in mortgage loans, lease contracts, health plans and the educational system. The helmman said that “it is not bad news, it is a terrible news.” The project passed its first legislative procedure when it was approved in general by the Finance Comm…
This Wednesday, the Economics Committee of the Chamber of Deputies approved a project that seeks to eliminate the Development Unit (UF) as a mechanism of readjustability. In a new edition of Economic Agenda PM, together with Nicolás Paut, we collected the reviews and favorable opinions regarding the possible end of the UF. In addition, we talked with Christian Durán, CEO of Deloitte Chile, about the scope of the purchase of Virtus Partners. Chec…
The Minister of Finance, Mario Marcel, warned this Thursday that the possibility of approving the elimination of the Development Unit (UF) would negatively impact the option of accessing mortgage credits and even the exchange rate. At a press conference in La Moneda after participating in a new Cabinet session [...] La entrada Marcel warns that ending the UF would negatively impact mortgage credits and exchange rate was first published in INFOGA…
A project that proposes to eliminate the UF in sectors such as leases, health and education was approved in general in the Lower House. While its promoters celebrate the progress, Finance and economists warn of serious effects on the financial system.
The Economics Commission of the Chamber of Deputies of Chile has approved a controversial bill that seeks to eliminate the use of the Development Unit (UF) as a mechanism of collection in leases, mortgage dividends, education and health contracts. The bill was introduced in 2023 by deputies Daniel Manouchehri and Daniella Cicardini (both of the Socialist Party). In simple terms, the proposal seeks that all payments in the aforementioned areas be…
The Economic Commission of the Chamber of Deputies approved the bill that seeks to eliminate the use of the Development Unit (UF) as a mechanism for collecting rents, mortgage loans, education and health. The initiative, promoted by deputies Daniel Manouchehri and Daniella Cicardini, proposes that all payments be made in pesos, arguing that the UF rises with inflation while salaries do not. However, Finance Minister Mario Marcel warned that elim…
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