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Chile is no longer the least risky country in Latin America

RIO DE JANEIRO, BRAZIL - Chilean financial markets have been under intense pressure in 2021, in an unusual scenario marked by political elections.

This year constituents and governors were elected, and now the country is on the verge of presidential elections. The favorites are representatives of the extremes of the political spectrum.

Read also: Check out our coverage on Chile

Against this backdrop, there were withdrawals of pension funds (more than US$50 billion), a significant increase in public spending, and a general deterioration of the fiscal accounts . . .

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