IBOV 187,422.92 ▲ 0.44% IPSA 11,426.83 ▲ 0.61% IPC MEX 63,646.88 ▲ 0.17% MERVAL 2,997,659 ▼ 0.04% COLCAP 2,588.64 ▲ 0.90% BVL PERÚ 59,529.36 ▲ 1.84% USD/BRL5.10▼ 0.16% USD/MXN17.30▲ 0.46% USD/CLP943.65▼ 0.59% USD/COP3,200▲ 0.76% USD/PEN3.38▲ 0.04% USD/ARS1,514▼ 0.02% USD/UYU40.06▲ 2.88% USD/PYG5,918▲ 3.14% USD/BOB11.85▲ 25.24% USD/DOP59.17▲ 3.53% USD/CRC445.27▲ 2.84% USD/GTQ7.63▲ 3.24% USD/HNL26.86▲ 3.32% USD/NIO36.62▲ 2.80% USD/VES850.29▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.74▲ 2.48% EUR/BRL5.85▼ 0.86% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 187,422.92 ▲ 0.44% IPSA 11,426.83 ▲ 0.61% IPC MEX 63,646.88 ▲ 0.17% MERVAL 2,997,659 ▼ 0.04% COLCAP 2,588.64 ▲ 0.90% BVL PERÚ 59,529.36 ▲ 1.84% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, September 22, 2026

Chile Prepares for Constitutional Vote

By · November 8, 2023 · 2 min read

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Chilean President Gabriel Boric has set a referendum for December 17th, where citizens will vote on adopting a new draft constitution.

This action could replace the existing constitution from Augusto Pinochet’s era.

The Constitutional Council, leaning to the right, revised the draft, which received final approval on November 7th.

Beatriz Hevia, from the Republican Party, handed the draft to President Boric. She emphasized its focus on freedom, justice, dignity, and equality.

The proposed constitution centers on critical rights such as freedom of conscience, expression, property, life, education, and teaching.

These are essential to Chile’s societal contract.

This draft is seen as more conservative, especially regarding the unborn’s rights, which has raised concerns about abortion laws.

Currently, Chile permits abortion in specific cases. President Boric, on social media, stated that Chileans will ultimately decide on this constitutional change.

He urged voters to learn about the draft and vote, highlighting its importance for Chile’s future.

This is the second attempt at constitutional reform after a previous draft was rejected in 2022. The country’s current constitution from 1980 is still in place.

The previous proposal had suggested equal gender representation in government roles and autonomy for regional administrations.

Chile Prepares for Constitutional Vote.
Chile Prepares for Constitutional Vote.
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It also put forward a public system for essential services while allowing private alternatives.

The majority voted against the earlier draft, revealing a reluctance to embrace new reforms.

Research suggested that the president’s popularity had a significant effect on the vote. Now, Chile faces a crucial decision that will shape its legislative and societal direction.

Background

The initial constitutional proposal in 2022 envisioned a transformative Chile. It aimed for equal gender representation and recognized indigenous rights.

The proposal also sought to decentralize power, giving more autonomy to local governments. This reflected a shift towards acknowledging regional diversity.

Public services like education, healthcare, and pensions were to be nationally managed. However, this provision allowed for private-sector participation.

The referendum on this proposal saw a decisive rejection, with over 61% voting against it. This was the first mandatory vote in Chile since 2012.

The rejection was partly attributed to concerns over changes to the pension system. The proposed end to individual pension fund capitalization was controversial.

It challenged the existing system where people save independently for retirement.

President Boric’s approval ratings also influenced the outcome. In August 2022, 56% disapproved of his administration.

The upcoming vote presents another critical juncture. Chilean citizens will again decide the trajectory of their nation’s governance structure.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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