23-07-2020 Latin American Weekly Report
Piñera’s coalition crumbles as defiant congress backs pension changes
The presidents of Chile and Peru, Michelle Bachelet and Ollanta Humala respectively, gathered in China for the Asia-Pacific Economic Cooperation (Apec) summit this week. The two heads of state face remarkably similar challenges. Both took office promising to introduce ambitious reforms to bring about more socio-economic equality but both are presiding over the worst economic slowdowns in their countries since the global financial crisis in 2008. Both have sent a series of economic stimulus packages to congress in recent months in an attempt to fire up their flagging economies; and both arrived in Beijing desperate to attract foreign direct investment (FDI).
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