IBOV 176,982 ▼ 0.78% IPSA 10,391 ▼ 0.87% IPC MEX 68,103 ▼ 1.59% MERVAL 2,715,152 ▼ 1.17% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.07 ▲ 1.71% USD/MXN 17.35 ▲ 0.73% USD/CLP 907.98 ▲ 1.28% USD/COP 3,795 ▲ 0.08% USD/PEN 3.43 ▲ 0.30% USD/ARS 1,395 ▲ 0.20% USD/UYU 40.07 ▲ 2.20% USD/PYG 6,066 ▲ 1.03% USD/BOB 6.86 ▲ 1.79% USD/DOP 59.30 ▲ 0.51% USD/CRC 451.24 ▲ 1.80% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.61 ▲ 0.36% USD/NIO 36.62 ▲ 0.31% USD/VES 513.89 ▼ 0.13% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 155.98 ▼ 0.40% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.89 ▲ 0.07% BRENT 109.29 ▲ 3.38% WTI 101.09 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.29 ▼ 4.23% GOLD 4,559 ▼ 2.55% SILVER 77.00 ▼ 9.32% SOY 1,177 ▲ 0.23% CORN 455.25 ▲ 0.83% WHEAT 635.50 ▼ 1.78% COFFEE 265.75 ▼ 9.75% SUGAR 14.78 ▼ 1.40% ORANGE JUICE 170.05 ▼ 6.21% COTTON 80.01 ▼ 4.68% COCOA 4,030 ▼ 3.80% BEEF 248.03 ▼ 1.61% CATTLE 361.28 ▼ 1.71% LITHIUM 84.16 ▼ 3.21% PETR4 45.40 ▲ 0.89% VALE3 82.61 ▼ 0.31% ITUB4 39.73 ▼ 1.66% BBDC4 17.67 ▼ 0.95% ABEV3 15.72 ▼ 0.32% BBAS3 20.65 ▼ 0.53% B3SA3 16.63 ▼ 1.77% WEGE3 43.14 ▼ 1.33% PRIO3 68.31 ▲ 1.52% SUZB3 41.83 ▼ 1.85% RENT3 42.79 ▼ 2.62% AZZA3 19.04 ▲ 1.01% CSAN3 4.40 ▼ 5.38% RAIZ4 0.45 ▲ 2.27% PCAR3 2.26 ▼ 1.74% GMAT3 4.31 ▲ 0.47% PSSA3 47.89 ▼ 1.66% CVCB3 1.77 ▼ 6.35% POSI3 3.85 ▼ 3.02% SLCE3 17.11 ▼ 1.33% NATU3 10.03 ▲ 2.45% BRKM5 12.18 ▲ 0.25% RANI3 7.78 ▼ 1.14% CSNA3 6.34 ▼ 4.95% CMIN3 4.71 ▼ 1.26% USIM5 9.08 ▼ 8.19% GGBR4 23.32 ▼ 1.10% ENEV3 24.96 ▼ 3.82% NEOE3 33.80 — 0.00% CPFE3 44.70 ▼ 1.13% CMIG4 11.28 — 0.00% EQTL3 38.52 ▼ 0.72% LREN3 13.53 ▼ 1.38% VIVT3 35.56 ▼ 0.08% RAIL3 14.93 ▼ 2.23% KLABIN 16.49 ▼ 2.19% RAIA DROGASIL 19.64 — 0.00% RDOR3 34.99 ▲ 0.69% HAPV3 12.47 ▼ 5.96% FLRY3 15.61 ▼ 2.19% SMTO3 18.15 ▼ 1.36% UGPA3 29.06 ▼ 1.66% VBBR3 33.20 ▼ 0.57% BBSE3 34.15 ▼ 0.96% BPAC11 54.24 ▼ 2.08% CURY3 30.24 ▼ 1.18% AERI3 2.38 ▼ 2.06% VIVARA 22.82 ▼ 0.78% COMPASS 25.89 ▼ 1.93% VAMOS 3.42 ▼ 2.01% SANB11 26.90 ▼ 0.88% ASAI3 8.53 ▼ 0.70% SBSP3 29.12 ▼ 1.36% WALMEX 54.99 ▲ 0.84% GMEXICO 203.28 ▼ 3.90% FEMSA 210.77 ▲ 0.17% CEMEX 21.88 ▼ 3.44% GFNORTE 184.60 ▼ 0.68% BIMBO 59.58 ▲ 0.93% TELEVISA 9.93 ▲ 1.33% AMX 23.15 ▼ 1.03% GAP 412.27 ▼ 1.66% ASUR 295.43 ▼ 1.90% OMA 222.36 ▼ 0.97% KOF 181.04 ▼ 0.02% GRUMA 299.40 ▲ 0.52% KIMBER 38.26 ▼ 0.60% SQM-B 76,772 ▼ 1.82% COPEC 6,100 ▼ 0.81% BSANTANDER 68.70 ▼ 0.58% FALABELLA 5,503 ▲ 1.13% ENELAM 75.65 ▼ 1.02% CENCOSUD 2,057 ▼ 3.20% CMPC 1,061 ▼ 0.39% BANCO CHILE 163.30 ▼ 0.12% LATAM AIR 21.53 ▼ 2.58% YPF 65,000 ▼ 0.46% GGAL 6,095 ▼ 1.46% PAMPA 4,730 ▼ 0.05% TXAR 614.50 ▲ 0.41% ALUAR 931.50 ▼ 1.38% TGS 8,750 ▼ 0.62% CEPU 2,070 ▼ 2.17% MIRGOR 17,275 ▼ 2.95% COME 42.59 ▼ 1.34% LOMA NEGRA 3,110 ▼ 1.66% BYMA 272.75 ▼ 2.59% TELECOM ARG 3,540 ▼ 3.28% ECOPETROL 13.13 ▼ 0.72% BANCOLOMBIA 63.29 ▼ 1.63% GRUPO AVAL 4.01 ▼ 5.20% CREDICORP 315.53 ▼ 3.71% SOUTHERN COPPER 178.09 ▼ 5.53% BUENAVENTURA 34.36 ▼ 7.51% MERCADOLIBRE 1,549 ▼ 3.63% NUBANK 12.23 ▼ 5.45% XP 17.29 ▼ 1.79% PAGSEGURO 8.85 ▼ 1.83% STONE 9.61 ▼ 0.98% GLOBANT 39.12 ▲ 14.79% TECNOGLASS 38.89 ▼ 5.22% GAP AIRPORT 237.92 ▼ 2.37% ASUR 295.43 ▼ 1.90% OMA AIRPORT 103.02 ▼ 1.40% AMX ADR 26.62 ▼ 1.74% FEMSA ADR 121.53 ▼ 0.58% CEMEX ADR 12.58 ▼ 4.45% PETROBRAS ADR 19.89 ▲ 0.53% VALE ADR 16.26 ▼ 1.93% ITAU ADR 7.82 ▼ 3.52% SANTANDER BR 5.34 ▼ 2.11% AMBEV ADR 3.09 ▼ 1.90% CSN 1.27 ▼ 6.30% GERDAU 4.59 ▼ 2.55% LATAM ADR 47.40 ▼ 3.80% BTC 79,126 ▼ 2.38% ETH 2,224 ▼ 2.50% SOL 89.51 ▼ 2.86% XRP 1.43 ▼ 3.36% BNB 674.86 ▼ 0.45% ADA 0.26 ▼ 3.35% DOGE 0.11 ▼ 1.96% AVAX 9.55 ▼ 3.50% LINK 10.08 ▼ 3.75% DOT 1.32 ▼ 3.30% LTC 57.27 ▼ 1.53% BCH 424.94 ▼ 2.24% TRX 0.35 ▼ 0.48% XLM 0.15 ▼ 4.76% HBAR 0.09 ▼ 2.14% NEAR 1.55 ▼ 1.56% ATOM 1.94 ▼ 5.31% AAVE 93.04 ▼ 5.33% SELIC 14.50% EMBRAER 71.14 ▼ 1.92% EMBRAER ADR 56.16 ▼ 4.36% JBS 13.57 ▼ 2.97% JBS BDR 68.76 ▼ 1.35% MBRF3 17.28 ▼ 0.80% MBRFY 3.40 ▼ 3.68% INTER 5.89 ▼ 2.81% EGX 53,155 ▼ 0.49% USD/ZAR 16.69 ▲ 1.38% USD/NGN 1,367 ▼ 0.04% NIKKEI 61,409 ▼ 1.99% CSI300 4,860 ▼ 1.12% HSI 25,963 ▼ 1.62% NIFTY 23,644 ▼ 0.19% KOSPI 7,493 ▼ 6.12% JCI 6,723 ▼ 1.98% USD/JPY 158.74 ▲ 0.25% USD/CNY 6.8092 ▲ 0.36% DAX 23,951 ▼ 2.07% CAC 7,953 ▼ 1.60% FTSE 10,195 ▼ 1.71% MIB 49,116 ▼ 1.87% IBEX 17,623 ▼ 1.05% STOXX 606.92 ▼ 1.48% EUR/USD 1.1625 ▼ 0.39% GBP/USD 1.3322 ▼ 0.60% SPX 7,414 ▼ 1.16% DJI 49,569 ▼ 0.99% NDX 29,166 ▼ 1.40% RUT 2,801 ▼ 2.16% TSX 33,820 ▼ 1.31% VIX 18.04 ▲ 4.52% USD/CAD 1.3754 ▲ 0.28% US10Y 4.5950 ▲ 3.00% IBOV 176,982 ▼ 0.78% IPSA 10,391 ▼ 0.87% IPC MEX 68,103 ▼ 1.59% MERVAL 2,715,152 ▼ 1.17% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.07 ▲ 1.71% USD/MXN 17.35 ▲ 0.73% USD/CLP 907.98 ▲ 1.28% USD/COP 3,795 ▲ 0.08% USD/PEN 3.43 ▲ 0.30% USD/ARS 1,395 ▲ 0.20% USD/UYU 40.07 ▲ 2.20% USD/PYG 6,066 ▲ 1.03% USD/BOB 6.86 ▲ 1.79% USD/DOP 59.30 ▲ 0.51% USD/CRC 451.24 ▲ 1.80% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.61 ▲ 0.36% USD/NIO 36.62 ▲ 0.31% USD/VES 513.89 ▼ 0.13% USD/PAB 1.00 ▲ 2.18% USD/BZD 2.00 ▲ 1.61% USD/JMD 155.98 ▼ 0.40% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.89 ▲ 0.07% BRENT 109.29 ▲ 3.38% WTI 101.09 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.29 ▼ 4.23% GOLD 4,559 ▼ 2.55% SILVER 77.00 ▼ 9.32% SOY 1,177 ▲ 0.23% CORN 455.25 ▲ 0.83% WHEAT 635.50 ▼ 1.78% COFFEE 265.75 ▼ 9.75% SUGAR 14.78 ▼ 1.40% ORANGE JUICE 170.05 ▼ 6.21% COTTON 80.01 ▼ 4.68% COCOA 4,030 ▼ 3.80% BEEF 248.03 ▼ 1.61% CATTLE 361.28 ▼ 1.71% LITHIUM 84.16 ▼ 3.21% PETR4 45.40 ▲ 0.89% VALE3 82.61 ▼ 0.31% ITUB4 39.73 ▼ 1.66% BBDC4 17.67 ▼ 0.95% ABEV3 15.72 ▼ 0.32% BBAS3 20.65 ▼ 0.53% B3SA3 16.63 ▼ 1.77% WEGE3 43.14 ▼ 1.33% PRIO3 68.31 ▲ 1.52% SUZB3 41.83 ▼ 1.85% RENT3 42.79 ▼ 2.62% AZZA3 19.04 ▲ 1.01% CSAN3 4.40 ▼ 5.38% RAIZ4 0.45 ▲ 2.27% PCAR3 2.26 ▼ 1.74% GMAT3 4.31 ▲ 0.47% PSSA3 47.89 ▼ 1.66% CVCB3 1.77 ▼ 6.35% POSI3 3.85 ▼ 3.02% SLCE3 17.11 ▼ 1.33% NATU3 10.03 ▲ 2.45% BRKM5 12.18 ▲ 0.25% RANI3 7.78 ▼ 1.14% CSNA3 6.34 ▼ 4.95% CMIN3 4.71 ▼ 1.26% USIM5 9.08 ▼ 8.19% GGBR4 23.32 ▼ 1.10% ENEV3 24.96 ▼ 3.82% NEOE3 33.80 — 0.00% CPFE3 44.70 ▼ 1.13% CMIG4 11.28 — 0.00% EQTL3 38.52 ▼ 0.72% LREN3 13.53 ▼ 1.38% VIVT3 35.56 ▼ 0.08% RAIL3 14.93 ▼ 2.23% KLABIN 16.49 ▼ 2.19% RAIA DROGASIL 19.64 — 0.00% RDOR3 34.99 ▲ 0.69% HAPV3 12.47 ▼ 5.96% FLRY3 15.61 ▼ 2.19% SMTO3 18.15 ▼ 1.36% UGPA3 29.06 ▼ 1.66% VBBR3 33.20 ▼ 0.57% BBSE3 34.15 ▼ 0.96% BPAC11 54.24 ▼ 2.08% CURY3 30.24 ▼ 1.18% AERI3 2.38 ▼ 2.06% VIVARA 22.82 ▼ 0.78% COMPASS 25.89 ▼ 1.93% VAMOS 3.42 ▼ 2.01% SANB11 26.90 ▼ 0.88% ASAI3 8.53 ▼ 0.70% SBSP3 29.12 ▼ 1.36% WALMEX 54.99 ▲ 0.84% GMEXICO 203.28 ▼ 3.90% FEMSA 210.77 ▲ 0.17% CEMEX 21.88 ▼ 3.44% GFNORTE 184.60 ▼ 0.68% BIMBO 59.58 ▲ 0.93% TELEVISA 9.93 ▲ 1.33% AMX 23.15 ▼ 1.03% GAP 412.27 ▼ 1.66% ASUR 295.43 ▼ 1.90% OMA 222.36 ▼ 0.97% KOF 181.04 ▼ 0.02% GRUMA 299.40 ▲ 0.52% KIMBER 38.26 ▼ 0.60% SQM-B 76,772 ▼ 1.82% COPEC 6,100 ▼ 0.81% BSANTANDER 68.70 ▼ 0.58% FALABELLA 5,503 ▲ 1.13% ENELAM 75.65 ▼ 1.02% CENCOSUD 2,057 ▼ 3.20% CMPC 1,061 ▼ 0.39% BANCO CHILE 163.30 ▼ 0.12% LATAM AIR 21.53 ▼ 2.58% YPF 65,000 ▼ 0.46% GGAL 6,095 ▼ 1.46% PAMPA 4,730 ▼ 0.05% TXAR 614.50 ▲ 0.41% ALUAR 931.50 ▼ 1.38% TGS 8,750 ▼ 0.62% CEPU 2,070 ▼ 2.17% MIRGOR 17,275 ▼ 2.95% COME 42.59 ▼ 1.34% LOMA NEGRA 3,110 ▼ 1.66% BYMA 272.75 ▼ 2.59% TELECOM ARG 3,540 ▼ 3.28% ECOPETROL 13.13 ▼ 0.72% BANCOLOMBIA 63.29 ▼ 1.63% GRUPO AVAL 4.01 ▼ 5.20% CREDICORP 315.53 ▼ 3.71% SOUTHERN COPPER 178.09 ▼ 5.53% BUENAVENTURA 34.36 ▼ 7.51% MERCADOLIBRE 1,549 ▼ 3.63% NUBANK 12.23 ▼ 5.45% XP 17.29 ▼ 1.79% PAGSEGURO 8.85 ▼ 1.83% STONE 9.61 ▼ 0.98% GLOBANT 39.12 ▲ 14.79% TECNOGLASS 38.89 ▼ 5.22% GAP AIRPORT 237.92 ▼ 2.37% ASUR 295.43 ▼ 1.90% OMA AIRPORT 103.02 ▼ 1.40% AMX ADR 26.62 ▼ 1.74% FEMSA ADR 121.53 ▼ 0.58% CEMEX ADR 12.58 ▼ 4.45% PETROBRAS ADR 19.89 ▲ 0.53% VALE ADR 16.26 ▼ 1.93% ITAU ADR 7.82 ▼ 3.52% SANTANDER BR 5.34 ▼ 2.11% AMBEV ADR 3.09 ▼ 1.90% CSN 1.27 ▼ 6.30% GERDAU 4.59 ▼ 2.55% LATAM ADR 47.40 ▼ 3.80% BTC 79,126 ▼ 2.38% ETH 2,224 ▼ 2.50% SOL 89.51 ▼ 2.86% XRP 1.43 ▼ 3.36% BNB 674.86 ▼ 0.45% ADA 0.26 ▼ 3.35% DOGE 0.11 ▼ 1.96% AVAX 9.55 ▼ 3.50% LINK 10.08 ▼ 3.75% DOT 1.32 ▼ 3.30% LTC 57.27 ▼ 1.53% BCH 424.94 ▼ 2.24% TRX 0.35 ▼ 0.48% XLM 0.15 ▼ 4.76% HBAR 0.09 ▼ 2.14% NEAR 1.55 ▼ 1.56% ATOM 1.94 ▼ 5.31% AAVE 93.04 ▼ 5.33% SELIC 14.50% EMBRAER 71.14 ▼ 1.92% EMBRAER ADR 56.16 ▼ 4.36% JBS 13.57 ▼ 2.97% JBS BDR 68.76 ▼ 1.35% MBRF3 17.28 ▼ 0.80% MBRFY 3.40 ▼ 3.68% INTER 5.89 ▼ 2.81% EGX 53,155 ▼ 0.49% USD/ZAR 16.69 ▲ 1.38% USD/NGN 1,367 ▼ 0.04% NIKKEI 61,409 ▼ 1.99% CSI300 4,860 ▼ 1.12% HSI 25,963 ▼ 1.62% NIFTY 23,644 ▼ 0.19% KOSPI 7,493 ▼ 6.12% JCI 6,723 ▼ 1.98% USD/JPY 158.74 ▲ 0.25% USD/CNY 6.8092 ▲ 0.36% DAX 23,951 ▼ 2.07% CAC 7,953 ▼ 1.60% FTSE 10,195 ▼ 1.71% MIB 49,116 ▼ 1.87% IBEX 17,623 ▼ 1.05% STOXX 606.92 ▼ 1.48% EUR/USD 1.1625 ▼ 0.39% GBP/USD 1.3322 ▼ 0.60% SPX 7,414 ▼ 1.16% DJI 49,569 ▼ 0.99% NDX 29,166 ▼ 1.40% RUT 2,801 ▼ 2.16% TSX 33,820 ▼ 1.31% VIX 18.04 ▲ 4.52% USD/CAD 1.3754 ▲ 0.28% US10Y 4.5950 ▲ 3.00%
since 2009
Friday, May 15, 2026

Kast Orders Full State Audit in First Chile Cabinet Meeting

By · March 15, 2026 · 3 min read
Key Points

President Kast used his first cabinet meeting to demand ministers accelerate audits of every ministry, telling them resource shortages are “not an excuse” for failing to deliver on campaign promises

The audit will be coordinated by a strategic committee led by top officials from Interior, Finance, and the Budget Office, with results expected by September

In his first 48 hours, Kast signed six decrees covering border barriers, immigration enforcement, environmental permit backlogs, and disaster reconstruction

President José Antonio Kast’s first cabinet meeting at La Moneda on Friday carried a clear message: the era of excuses is over. Two days into his self-declared “emergency government,” the Kast Chile administration ordered its 24 ministers to immediately begin auditing the finances, programs, and personnel of every ministry they inherited from Gabriel Boric’s outgoing left-wing government. “The person who does nothing has nothing to fear,” Kast told his team, adding that any irregularities discovered are “our duty to reveal.” This is part of The Rio Times’ comprehensive coverage of Latin American financial markets and economic developments.

Kast Chile Audit: Structure and Timeline

The review will be coordinated by a strategic committee chaired by the Undersecretary of the Presidency, Constanza Castillo, alongside the Interior and Finance undersecretaries and Budget Director José Pablo Gómez. The committee’s first session must take place within 10 days, and final results are expected by September. The audit leverages a strengthened Internal Audit Council that Boric’s own government empowered through new legislation after scandals involving misused public funds between government agencies and foundations. Each ministry’s internal auditor will conduct the detailed work, but reporting will flow directly to the president.

Kast Orders Full State Audit in First Chile Cabinet Meeting. (Photo Internet reproduction)

Kast framed the exercise as both a governance imperative and a political baseline. By establishing a documented starting point, his team insulates itself from blame for fiscal problems it attributes to the previous administration while creating a factual foundation for the austerity program Finance Minister Jorge Quiroz has signaled. “They handed us a country in worse condition than we could have imagined,” Kast declared in his inaugural address, citing weakened public finances and advancing organized crime — rhetoric his critics on the left dismissed as performative given that Chile‘s macroeconomic indicators, including 2.4% inflation and falling homicide rates, compare favorably with regional peers.

First-Week Decree Blitz Sets the Pace

The audit is just one element of six decrees Kast signed on his first night in power. He ordered physical barriers along the Bolivian border, where the majority of undocumented migrants enter, and appointed a commissioner for the northern border zone. He instructed the resolution of more than 50 stalled environmental permits covering investments worth an estimated $16 billion, a measure eagerly awaited by the business community. And he mandated the acceleration of housing reconstruction in areas devastated by January wildfires that burned 64,000 hectares. As The Rio Times reported from Kast’s inauguration, the new president is governing with a divided Congress and a cabinet drawn from Partido Republicano loyalists, Chile Vamos veterans, and private-sector figures with little political experience.

Austerity Meets Political Reality

Kast was blunt about the fiscal implications: delivering on campaign promises without adequate resources will require “enormous sacrifice.” He urged citizens to stop evading taxes and misusing sick leave, framing personal responsibility as a national project rather than a government initiative alone. “What I’ve been able to perceive is that people understand that if we don’t have the resources, we have to find ways to make the most of what we have,” he told the cabinet. The message resonated with his conservative base but left unanswered the harder questions: how to simultaneously cut spending, fund deportation infrastructure for 340,000 undocumented migrants, and stimulate growth in an economy expected to expand just 2–2.5% this year. The contrast between ambition and arithmetic is one that Chile’s new ultraliberal finance team will have to reconcile before the honeymoon period fades and opposition lawmakers begin demanding specifics.

Latin American financial intelligence, daily

Breaking news, market reports, and intelligence briefs — for investors, analysts, and expats.

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.