IBOV 166,783.57 ▼ 0.09% IPSA 11,148.13 ▲ 0.96% IPC MEX 64,152.21 ▼ 0.38% MERVAL 2,947,349 ▼ 1.77% COLCAP 2,452.46 — 0.00% BVL PERÚ 58,334.31 ▲ 0.12% USD/BRL5.20▼ 0.02% USD/MXN17.06▲ 0.11% USD/CLP915.68▲ 0.07% USD/COP3,132▲ 0.06% USD/PEN3.37▲ 0.03% USD/ARS1,488▼ 0.03% USD/UYU40.33▲ 2.10% USD/PYG5,997▲ 1.94% USD/BOB11.50▲ 0.28% USD/DOP58.55▲ 1.35% USD/CRC446.12▲ 2.02% USD/GTQ7.62▲ 2.30% USD/HNL26.79▲ 1.71% USD/NIO36.62▲ 0.81% USD/VES771.38▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 1.37% EUR/BRL6.02▼ 0.33% 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 166,783.57 ▼ 0.09% IPSA 11,148.13 ▲ 0.96% IPC MEX 64,152.21 ▼ 0.38% MERVAL 2,947,349 ▼ 1.77% COLCAP 2,452.46 — 0.00% BVL PERÚ 58,334.31 ▲ 0.12% 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, August 18, 2026

Chile’s Kast Calls Boric Government a Disaster on Every Front

By · May 4, 2026 · 3 min read

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Key Facts

Chile’s President José Antonio Kast told the Renovación Nacional party conclave on April 25 that the outgoing Boric government had been “a disaster” on employment, growth, education, health, and security.

The Kast Boric clash has escalated since a leaked Dipres document recommended discontinuing or cutting 142 programmes across 22 ministries, with combined annual costs of 5.4 trillion Chilean pesos ($5.4 billion).

Boric has filed a Congress permit request to travel to Berlin, Wales, and London from May 16 to June 3, including the Berlin Forum on Global Cooperation, the Hay Festival in Wales, and a session at the British Library.

Fifty days after handover, Chile’s transition has not closed. The new president is still litigating the old government — and the old government is still answering back.

The Kast Boric clash escalated this week when Chile’s new president told the Renovación Nacional party conclave on April 25 that the prior government had failed across every metric. The Rio Times, the Latin American financial news outlet, reports that the speech marked Kast’s most direct attack since taking office on March 11, with the president telling allies “when one looks at what they left us, there is no figure where they can say they did it well.”

The reaction from the opposition was sharp. Boric defenders accused the president of returning to campaign-mode rhetoric instead of governing, while Kast’s allies described the criticism as a necessary correction to what they call a deliberately distorted handover.

What Triggered the Kast Boric Clash

A leaked Dipres document recommended discontinuing or cutting 142 programmes across 22 ministries. The programmes have a combined annual cost of around 5.4 trillion Chilean pesos, equal to roughly 5.4 billion US dollars at prevailing rates.

Chile’s Kast Calls Boric Government a Disaster on Every Front. (Photo Internet reproduction)
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The proposed cuts touch sensitive areas including Social Development, Health, and Education. The opposition has accused Kast of reneging on his campaign pledge not to touch social benefits, with the Frente Amplio bloc warning Chile Vamos against silence on what it calls a regression in social rights.

The Bachelet Front in the Kast Boric Clash

In late March, Kast pulled Chile‘s support from former president Michelle Bachelet’s candidacy for UN Secretary-General, the position currently held by António Guterres until December 31, 2026. The withdrawal, announced by the Cancillería on March 24, called the candidacy “inviable” given the dispersion of Latin American candidates.

Bachelet, who served as UN High Commissioner for Human Rights from 2018 to 2022, is keeping her candidacy alive with the support of Brazil and Mexico. The opposition has called the move a “bochorno internacional,” and a Cancillería sumario is now investigating whether Chilean diplomats continued promoting her candidacy after the official withdrawal.

Boric’s Travel Plans and the Kast Boric Clash

Boric has filed a permit request with the Cámara de Diputados to leave Chile from May 16 to June 3, citing the Berlin Forum on Global Cooperation, the Hay Festival in Wales, and a session at the British Library. The trip will keep Boric in the international spotlight at a moment when Kast’s domestic agenda is being tested by audit revelations.

For investors tracking Chile’s fiscal trajectory and copper revenue, the Dipres cuts deliver a structural change to Chile’s spending profile. The political question is whether Kast can hold the spending discipline through 2026, with regional growth uncertainty still elevated.

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

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