According to the the National Statistics Institute (INE), the national unemployment rate reached 10.3% during the months of December-February. The Industrial Production Index (IPI) recorded a fall of 3.4% in twelve months, due to the fact that the three items that compose it showed declines in February. The Mining Production Index (IPMin) was the one that most influenced the result, registering a drop of 6.2% with respect to the same month in 2020.
With a population of just over 18 million, Chile still suffers from a deficit of at least 6,000 tech workers. Benjamin Toselli, Executive President at IT Hunter International and Managing Partner at the Chilean Association of Information Technology Companies (ACTI), believes the government must act or the deficit will grow. According to Toselli, there are two choices "increase the output of talent or open the country's borders".
eFuels produced at a first-of-its-kind hydrogen pilot plant in Chile are set to be tested by ExxonMobil and Porsche in race conditions. Co-developed by Siemens Energy, around 750,000 litres of eFuels will be produced as early as 2022 in the pilot phase, with capacity increased to about 55 million litres of eFuels a year by 2024, and around 550 million litres of eFuels by 2026.
Chile's Fiscalía Nacional Económica (FNE) approved a $3 billion takeover by China's State Grid International Development of Spanish power company Naturgy’s Chilean unit Compania General de Electricidad (CGE). Spain’s Naturgy said last November it had agreed to sell 96% of Chilean unit CGE to China’s State Grid, amid rising investment from the world’s second largest economy in South America.
Fitch Ratings has assigned an 'A-' rating to Chile's $1.5 billion notes maturing April 15, 2053. The notes have a coupon of 3.5%. Chile issued the bonds in accordance with its Sustainable Bond Framework, and proceeds will be used to fund projects that qualify as eligible "green" and "social" expenditures.