According to the latest Eclac reports, Chile may not escape the recession caused by COVID-19 in 2020 which could cause a 7.9% drop in GDP in the country. However, the impact could be lower in other large economies in the area where the bulk of Spanish investment is located. Spanish companies have continued to be active and increase their presence despite COVID-19. Chile has launched a campaign to attract foreign investment led by president Sebastian Piñera. At the end of July, in his message to Congress, he emphasized the advantages that Chile offers investors in mining and energy resources and encouraged them to trust in the country’s ability to offer a reliable scenario in the midst of the crisis.