Some Chileans are demanding that more of this resource go to ease steep gas prices.
Chile will siphon US$2 billion into a state-owned investment fund that, in part, buffers the country against the ups and downs of international markets, Finance Minister Felipe Larraín said Wednesday. He projected the sovereign wealth fund (SWF) to climb to US$22.9 billion, inching past US$22.7 billion for the first time since the 2008 financial crisis hit.
Given this fund’s boost, Chileans are calling on the government to shoulder a greater slice of the country’s sky-high gasoline prices.
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Chile will siphon US$2 billion into a state-owned investment fund that, in part, buffers the country against the ups and downs of international markets, Finance Minister Felipe Larraín said Wednesday. He projected the sovereign wealth fund (SWF) to climb to US$22.9 billion, inching past US$22.7 billion for the first time since the 2008 financial crisis hit. Given this fund’s boost, Chileans are calling on the government to shoulder a greater slice of the country’s sky-high gasoline prices.
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About the writer
Katie Manning
Katie, a Santiago Times reporter since September 2012, began covering business, entrepreneurship, technology and science for international media outlets in Chile in 2011. Her work has appeared on the BBC, Washington Post, Wired Magazine, Global Voices, PRI and others. She earned her masters in journalism from Georgetown University and bachelor's degree in history from the University of Virginia, located in her hometown of Charlottesville.
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