IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.30% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL5.07▲ 0.03% USD/MXN17.41▼ 0.07% USD/CLP925.95▼ 0.07% USD/COP3,247▲ 0.33% USD/PEN3.41▲ 0.55% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.20▼ 0.17% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.31% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 1.06% BRENT 85.41 ▲ 0.80% WTI 80.07 ▲ 0.92% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.63% GOLD 4,035 ▼ 0.65% SILVER 58.61 ▼ 0.28% SOY 1,197 ▼ 0.85% CORN 466.25 ▲ 7.49% WHEAT 668.50 ▲ 5.90% COFFEE 328.00 ▼ 2.73% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.10 ▲ 1.88% COCOA 5,859 ▲ 3.52% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,721 ▼ 0.36% ETH 1,882 ▼ 0.40% SOL 77.56 ▼ 0.26% XRP 1.11 ▼ 0.22% BNB 577.44 ▼ 0.74% ADA 0.16 ▼ 0.44% DOGE 0.07 ▼ 0.93% AVAX 6.66 ▼ 0.55% LINK 8.37 ▲ 0.39% DOT 0.85 ▼ 0.09% LTC 45.77 ▲ 0.74% BCH 235.81 ▼ 0.29% TRX 0.33 ▲ 0.68% XLM 0.18 ▼ 0.36% HBAR 0.07 ▲ 0.11% NEAR 2.04 ▲ 1.54% ATOM 1.57 ▲ 0.19% AAVE 98.36 ▼ 0.53% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89% EGX 52,423 ▲ 0.24% USD/ZAR16.38— 0.00% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,075 ▲ 0.09% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.37▲ 0.08% USD/CNY6.77▲ 0.06% DAX 24,993 ▼ 0.61% CAC 8,367 — 0.00% FTSE 10,520 ▼ 0.09% MIB 52,735 ▼ 0.24% IBEX 19,269 ▼ 0.46% STOXX 642.36 ▲ 0.04% EUR/USD1.14▲ 0.01% GBP/USD1.34▲ 0.31% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.23 ▼ 1.64% USD/CAD1.41▲ 0.01% US10Y 4.5850 ▼ 0.52% IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.30% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL 5.07 ▲ 0.03% USD/MXN 17.41 ▼ 0.07% USD/CLP 925.95 ▼ 0.07% USD/COP 3,247 ▲ 0.33% USD/PEN 3.41 ▲ 0.55% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.20 ▼ 0.17% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.31% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 1.06% BRENT 85.41 ▲ 0.80% WTI 80.07 ▲ 0.92% IRON ORE 161.91 — — COPPER 6.37 ▲ 0.63% GOLD 4,035 ▼ 0.65% SILVER 58.61 ▼ 0.28% SOY 1,197 ▼ 0.85% CORN 466.25 ▲ 7.49% WHEAT 668.50 ▲ 5.90% COFFEE 328.00 ▼ 2.73% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.10 ▲ 1.88% COCOA 5,859 ▲ 3.52% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,721 ▼ 0.36% ETH 1,882 ▼ 0.40% SOL 77.56 ▼ 0.26% XRP 1.11 ▼ 0.22% BNB 577.44 ▼ 0.74% ADA 0.16 ▼ 0.44% DOGE 0.07 ▼ 0.93% AVAX 6.66 ▼ 0.55% LINK 8.37 ▲ 0.39% DOT 0.85 ▼ 0.09% LTC 45.77 ▲ 0.74% BCH 235.81 ▼ 0.29% TRX 0.33 ▲ 0.68% XLM 0.18 ▼ 0.36% HBAR 0.07 ▲ 0.11% NEAR 2.04 ▲ 1.54% ATOM 1.57 ▲ 0.19% AAVE 98.36 ▼ 0.53% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89% EGX 52,423 ▲ 0.24% USD/ZAR 16.38 ▲ 0.24% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,075 ▲ 0.09% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY 162.36 ▲ 0.10% USD/CNY 6.7632 ▲ 0.01% DAX 24,993 ▼ 0.61% CAC 8,367 — 0.00% FTSE 10,520 ▼ 0.09% MIB 52,735 ▼ 0.24% IBEX 19,269 ▼ 0.46% STOXX 642.36 ▲ 0.04% EUR/USD 1.1421 ▼ 0.04% GBP/USD 1.3391 ▲ 0.03% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.23 ▼ 1.64% USD/CAD 1.4059 ▼ 0.01% US10Y 4.5850 ▼ 0.52%
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Wednesday, July 15, 2026

Chile Immigration Policy Hardens as Kast Takes Power

By · March 12, 2026 · 3 min read

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Key Points
José Antonio Kast was sworn in as Chile’s president on Wednesday and immediately signed six decrees, three targeting immigration — including orders to build physical barriers on the Bolivian border and deploy the military to enforce northern frontier security.
The 60-year-old conservative declared a “government of emergency” and launched the Shield Frontier Plan, equipping border zones with drones, thermal cameras, biometric systems, and fences up to five meters high across the Arica, Tarapacá, and Antofagasta regions.
Kast won the presidency with nearly 60% of the vote on promises to deport 337,000 undocumented migrants and crush organized crime — taking office as Chile’s most right-wing leader since the end of the Pinochet dictatorship in 1990.

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Day One: Six Decrees and a Wall

Hours after taking the oath of office in Valparaíso’s Congress building, José Antonio Kast stood before Army commander Pedro Varela and delivered an instruction that echoed across the region. He ordered the military to collaborate in building physical barriers along the Bolivian border to stop irregular migration — and told Varela to start immediately, without waiting for the decrees to be published in the official gazette. Chile immigration policy took its sharpest turn in decades on Wednesday, as the country’s most conservative president since the return to democracy signed three migration-focused decrees on his first night in power. This is part of The Rio Times’ comprehensive coverage of Latin American financial markets and economic developments.

The first decree establishes a National Border Closure Policy targeting the most vulnerable stretch of Chile’s frontier with Bolivia. The second appoints retired Vice Admiral Alberto Soto as a presidential commissioner for the northern macro-zone with sweeping powers to coordinate the armed forces, police, and investigative agencies. The third launches the Shield Frontier Plan, a four-pillar strategy encompassing physical barriers up to five meters high, motion sensors, surveillance drones with facial recognition and infrared cameras, thermal radar, and biometric checkpoints.

Chile Immigration Crackdown in Context

The measures respond to what Kast’s coalition calls a national emergency. Chile’s immigrant population has doubled since 2017, and official data show 337,000 foreigners currently living in the country without required documentation. The rise in irregular migration has coincided with increases in homicides, kidnappings, and extortions that authorities attribute largely to transnational criminal organizations operating through the porous northern border. Kast campaigned on deporting all 337,000 undocumented migrants and won a decisive second-round victory in December with close to 60% of the vote against communist candidate Jeannette Jara.

Chile Immigration Policy Hardens as Kast Takes Power. (Photo Internet reproduction)
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The remaining three decrees signed on Wednesday cover a comprehensive state audit of the outgoing Boric administration, the reactivation of stalled investment projects worth $16 billion, and reconstruction efforts in the Valparaíso, Ñuble, and Bío Bío regions. Each ministry has been given 90-day deadlines to implement changes, including legal modifications to the rules governing the use of force at borders and reforms to immigration regulations designed to eliminate incentives for irregular entry.

A Right-Wing Shift With Regional Echoes

Kast’s inauguration drew a guest list that mapped Latin America’s rightward trajectory. Presidents Javier Milei of Argentina, Rodrigo Paz of Bolivia, Daniel Noboa of Ecuador, and Santiago Peña of Paraguay attended, alongside Spain’s King Felipe VI, Venezuelan opposition leader María Corina Machado, and U.S. Undersecretary of State Christopher Landau. Absent were leftist leaders Claudia Sheinbaum of Mexico and Gustavo Petro of Colombia. Brazil’s Lula also stayed away — Brazilian media linked his absence to the confirmed attendance of Flávio Bolsonaro, his likely opponent in October’s presidential election.

Kast’s cabinet has already drawn opposition fire. Two ministers served as lawyers for Augusto Pinochet, whose 1973–1990 dictatorship left over 3,200 dead and disappeared, and the new minister of women’s affairs is an anti-abortion activist. In his balcony address to thousands of supporters outside La Moneda, Kast framed his presidency in existential terms: the country needs an emergency government, he said, and that is exactly what it will get. The question for Chile — and for the region watching closely — is whether emergency governance can coexist with the democratic norms that Kast has pledged to uphold.

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