Chile’s Kast Unveils $1.3 Billion Plan to Create 100,000 Jobs
The plan targets infrastructure, housing and community projects, with incentives and faster public payments to ease unemployment that reached 9.5% in July.
- On Monday, Chilean President Jose Antonio Kast unveiled a $1.3 billion plan aimed at creating 100,000 jobs through infrastructure, reconstruction, housing, and community projects.
- Unemployment in Chile hit 9.5% in July, the highest level since 2021, and has remained above 8% for 43 consecutive months; Kast acknowledged that persistently high joblessness is a "major weakness" for his government.
- The plan mobilizes 1.3 trillion Chilean pesos in investment, with measures accelerating public investment, encouraging hiring incentives, and improving business liquidity by expediting public payments.
- Employment gains and economic activity from the plan will begin to be felt over the coming months and through 2027, as the government coordinates community projects to spur recovery.
- Heavily reliant on mineral exports, Chile has seen economic growth slow, and officials hope the new investment plan will stabilize the economy following the recent period of elevated joblessness.
21 Articles
21 Articles
The Chilean government announced Monday a set of measures to revive the economy and generate more than 100,000 jobs, in a context of a strong unemployment crisis in the country.
The president of Chile, José Antonio Kast, released on Monday a plan of US$1.3 billion with the aim of creating 100,000 jobs through infrastructure, reconstruction, housing and community projects. In the summary of the plan, the government observed that unemployment remains above 8% 43 consecutive months ago. In the short term, this plan mobilizes 1.3 trillion Chilean pesos in investments, public works and employment measures to generate economi…
Chile's Kast unveils $1.3 billion plan to create 100,000 jobs
The Chilean president announces a strategy, based on four pillars, to try to reduce the unemployment figures, which have been 43 weeks on 8%
Chile’s Kast Rolls Out Jobs Plan as Weak Economy Saps Approval
Chile President José Antonio Kast unveiled measures on Monday to combat the nation’s highest unemployment rate in five years, as a weak labor market and sluggish economy dent his administration’s support.
This Monday, from the Palacio de La Moneda, President José Antonio Kast presented the details of the plan “Chile Despega, con más pega”, with which the creation of more than 100,000 jobs is projected between this year and 2027. In his speech, the head of state emphasized that investors are returning to ... Continue reading "Kast launches plan that promises more than 100,000 jobs and highlights that investments are returning to Chile"
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