Michelle Bachelet, who seeks to recapture the Chilean presidency on Dec. 15, has promised free education for all while improving state finances. Declining copper revenue and a slowing economy will make it hard to do both.
Former President Michelle Bachelet has based her campaign to recapture Chile’s top office on a program of free education for all and higher corporate taxes. Her main opponent calls that model a throwback to the era of the Berlin Wall.
Chile’s central bank is reviewing its dollar-purchase program after the peso slumped, bank President Jose De Gregorio said yesterday, less than a month after stating that policy makers had no plans to change the program’s time line. The peso strengthened today.