Chile becomes China’s top table grapes supplier with an import value of $260 mn

Chile was China's top supplier of imported table grapes with a total import value in excess of $260 million, according to the UN Comtrade database. In terms of volume, imports of Chilean table grapes to China during 2020 were 68% higher than for the number two country, Australia. In fact, Chilean grapes accounted for approximately 44% of China’s total fresh grape imports in 2020. According to the Chilean Fruit Exporters Association (ASOEX), Chile exported 111,487 tons of table grapes to China during the 2019/20 season.

Chile’s Central Bank says risks to financial stability have declined

The Central Bank of Chile said that during the first half of the year, the risks to the country's financial stability have declined due to an improved external outlook, the progression of vaccination against COVID-19 and the adaptive capacity of various actors. The Financial Stability Report (IEF) states that unlike past crises in Chile, financing costs have remained low, debt has been contained and credit has continued to flow, although at a slower pace.

Third withdrawal: 4.3 million requests have been registered, first payments amount to $3,165 mn

The Superintendency of Pensions delivered a new balance on the third withdrawal of 10% of the pension funds. There were more than 4.3 million requests to access a new retirement savings pension. The first 1,534 payments were registered for a total of $3,165 million, which is equivalent to an average payment of $2,063,000 per person.

Government submits third pension withdrawal bill to the Chamber of Deputies

The Government has submitted to the Chamber of Deputies its bill that seeks to allow a third withdrawal of pension funds, as an alternative to the initiative promoted by the opposition, which has already been passed into law. According to the Government, its proposal "addresses the urgent needs of families, granting benefits to 3 million contributors who currently have a zero balance in their individual capitalisation accounts and establishing a mechanism to recover the pension savings withdrawn, thus strengthening future pensions".

The Ministry of Finance announces new capitalisation of BancoEstado for up to $1.5 billion

The Ministry of Finance announced that it will introduce a bill authorising a new capitalisation of Banco Estado of up to $1.5 billion, among other measures, to facilitate compliance with Basel III standards. In a statement, the portfolio said that the capital increase may be carried out until 31 December 2025 and will aim to allow BancoEstado to meet capital requirements in accordance with Basel III standards.