The International Monetary Fund (IMF) raised its projection for Chile's GDP from 4.5% to 5.8% in 2021. In 2022, the IMF predicts Chile's economy to increase 3.5%. The IMF mantains its projection of Latin America's GDP at 4.1%.
In January 2021, Chilean exports increased 8% since last year and reached $7,038 million. This is the highest figure for the month of January since records have been kept. Meanwhile, imports totalled $5.7 billion, a decline of 2.6%. Chile's trade exchange reached $12.738 billion, a 3% increase and the highest value for the start of a year since January 2013.
The Chilean Government is seeking to procure military equipment through the US foreign military sale (FMS) programme. Chile has requested for the supply of 16 SM-2 Block IIIA rail launched missiles, two MK 89 Mod 0 guidance sections and one target detection device kit, including shroud and MK 45 Mod 14. The potential FMS has an estimated value of $85 million.
Blue Whale is partnering with VECS Investments to strengthen its sourcing and supply base. The objective of this partnership is to increase Blue Whale's southern hemisphere's counter-season sales. Initially, they will focus on apples, grapes, kiwis, and pears. In Chile, VECS will contribute its in-depth sourcing knowledge and experience in the local market, ensuring compliance with Blue Whale's strict quality standards, while strengthening the volume and range of products.
Fitch Ratings has assigned a 'BBBsf' final rating to the $488.9 million series 2021-1 notes being issued by Chile Electricity PEC SpA, a bankruptcy remote SPV. The Outlook is Stable.