IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.27% USD/MXN17.40▼ 0.07% USD/CLP935.89▲ 0.02% USD/COP3,202▼ 1.65% USD/PEN3.40▲ 0.03% USD/ARS1,478▲ 0.02% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.81% BRENT 93.83 ▲ 3.10% WTI 86.65 ▲ 2.05% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,158 ▲ 2.12% SILVER 60.67 ▲ 3.12% SOY 1,237 ▲ 1.46% CORN 485.75 ▲ 7.29% WHEAT 704.75 ▲ 3.95% COFFEE 315.05 ▼ 5.09% SUGAR 14.83 ▼ 0.34% ORANGE JUICE 147.60 ▲ 2.64% COTTON 80.43 ▲ 1.86% COCOA 5,328 ▼ 4.98% BEEF 219.30 ▼ 3.25% CATTLE 335.73 ▼ 3.96% LITHIUM 69.39 ▲ 0.44% PETR4 42.61 ▲ 2.28% VALE3 74.14 ▲ 2.63% ITUB4 42.59 ▲ 0.14% BBDC4 18.60 ▲ 0.27% ABEV3 16.08 ▲ 1.77% BBAS3 20.72 ▼ 0.77% B3SA3 15.49 ▲ 2.11% WEGE3 46.43 ▲ 9.32% PRIO3 59.51 ▲ 2.29% SUZB3 42.12 ▲ 1.18% RENT3 36.83 ▲ 0.77% AZZA3 17.50 ▲ 0.11% CSAN3 3.88 ▲ 2.65% RAIZ4 0.27 — 0.00% PCAR3 2.69 ▼ 1.47% GMAT3 3.85 ▲ 0.52% PSSA3 54.57 ▲ 2.04% CVCB3 1.23 ▲ 9.82% POSI3 3.70 ▲ 0.54% SLCE3 13.86 ▲ 0.80% NATU3 8.77 ▲ 0.69% BRKM5 6.19 ▲ 8.41% RANI3 7.97 ▲ 1.01% CSNA3 5.27 ▲ 4.15% CMIN3 5.88 ▲ 5.38% USIM5 8.60 ▲ 1.65% GGBR4 23.68 ▲ 0.81% ENEV3 25.57 ▲ 0.59% CPFE3 46.35 ▼ 0.11% CMIG4 11.11 ▲ 0.82% EQTL3 38.86 ▲ 0.08% LREN3 13.51 ▲ 1.81% VIVT3 35.75 ▼ 0.14% RAIL3 13.56 ▲ 2.42% KLABIN 17.85 ▲ 1.48% RAIA DROGASIL 18.06 ▼ 0.39% RDOR3 33.67 ▼ 0.74% HAPV3 11.48 ▲ 2.14% FLRY3 16.64 ▲ 0.54% SMTO3 16.04 ▲ 2.95% UGPA3 32.32 ▲ 1.57% VBBR3 34.45 ▲ 1.47% BBSE3 41.96 ▲ 0.99% BPAC11 56.08 ▲ 1.28% CURY3 30.09 ▲ 0.47% AERI3 2.06 ▲ 0.98% VIVARA 21.25 ▼ 0.75% COMPASS 24.58 ▲ 0.57% VAMOS 3.17 ▲ 2.59% SANB11 26.57 ▼ 2.35% ASAI3 8.39 ▲ 1.70% SBSP3 28.91 ▲ 1.08% WALMEX 49.42 ▲ 0.55% GMEXICO 212.31 ▲ 1.60% FEMSA 230.59 ▲ 1.70% CEMEX 22.31 ▲ 1.09% GFNORTE 187.84 ▲ 1.10% BIMBO 60.28 ▲ 1.50% TELEVISA 9.90 ▲ 1.43% AMX 22.74 ▼ 0.09% GAP 379.20 ▲ 0.18% ASUR 274.07 ▼ 0.32% OMA 230.07 ▲ 1.68% KOF 184.24 ▲ 2.09% GRUMA 281.95 ▼ 0.23% KIMBER 39.14 ▲ 1.93% SQM-B 66,088 ▲ 2.40% COPEC 6,450 ▼ 0.00% BSANTANDER 79.39 ▲ 0.48% FALABELLA 5,980 ▲ 1.03% ENELAM 84.36 ▼ 0.20% CENCOSUD 2,025 ▼ 0.15% CMPC 1,077 ▼ 0.66% BANCO CHILE 190.50 ▲ 0.26% LATAM AIR 24.02 ▼ 0.74% YPF 81,900 ▲ 1.58% GGAL 8,220 ▲ 3.20% PAMPA 5,525 ▲ 0.91% TXAR 673.00 ▼ 0.88% ALUAR 975.00 ▲ 0.21% TGS 9,815 ▲ 1.08% CEPU 2,350 ▲ 0.43% MIRGOR 16,950 ▲ 1.04% COME 43.00 ▲ 0.30% LOMA NEGRA 3,625 ▲ 0.55% BYMA 296.00 ▲ 1.28% TELECOM ARG 4,260 ▲ 0.12% ECOPETROL 16.93 ▲ 2.44% BANCOLOMBIA 84.42 ▲ 0.93% GRUPO AVAL 5.04 ▼ 0.94% CREDICORP 390.55 ▼ 0.14% SOUTHERN COPPER 191.14 ▲ 1.66% BUENAVENTURA 32.77 ▲ 4.86% MERCADOLIBRE 1,799 ▼ 1.31% NUBANK 14.00 ▼ 2.75% XP 17.01 ▲ 0.92% PAGSEGURO 9.52 ▼ 0.63% STONE 11.15 ▼ 0.93% GLOBANT 32.05 ▼ 0.16% TECNOGLASS 45.30 ▲ 0.33% GAP AIRPORT 218.24 ▲ 0.26% ASUR 274.07 ▼ 0.32% OMA AIRPORT 105.61 ▲ 1.32% AMX ADR 26.12 ▲ 0.10% FEMSA ADR 132.00 ▲ 1.27% CEMEX ADR 12.81 ▲ 0.83% PETROBRAS ADR 19.02 ▲ 2.56% VALE ADR 14.65 ▲ 2.81% ITAU ADR 8.38 ▼ 0.24% SANTANDER BR 5.38 ▼ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.51% LATAM ADR 51.10 ▼ 0.91% BTC 65,699 ▼ 1.21% ETH 1,929 ▲ 0.04% SOL 77.74 ▼ 0.47% XRP 1.14 ▼ 0.26% BNB 570.64 ▼ 0.52% ADA 0.17 ▲ 0.78% DOGE 0.07 ▼ 0.74% AVAX 6.55 ▼ 0.17% LINK 8.64 ▼ 0.07% DOT 0.84 ▼ 0.92% LTC 46.76 ▼ 0.12% BCH 219.76 ▼ 1.76% TRX 0.33 ▼ 0.46% XLM 0.19 ▼ 1.63% HBAR 0.07 ▲ 3.54% NEAR 1.88 ▼ 2.80% ATOM 1.46 ▼ 1.42% AAVE 96.99 ▲ 1.48% SELIC 14.25% EMBRAER 83.73 ▲ 1.31% EMBRAER ADR 66.12 ▲ 0.99% JBS 12.23 ▲ 2.30% JBS BDR 61.75 ▲ 2.54% MBRF3 15.46 ▲ 2.32% MBRFY 3.00 ▲ 1.69% INTER 5.54 ▼ 0.72% IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.27% USD/MXN 17.40 ▼ 0.07% USD/CLP 935.89 ▲ 0.02% USD/COP 3,203 ▼ 1.64% USD/PEN 3.40 ▲ 0.03% USD/ARS 1,478 ▲ 0.02% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.81% BRENT 93.83 ▲ 3.10% WTI 86.65 ▲ 2.05% IRON ORE 161.91 — — COPPER 6.51 ▼ 0.05% GOLD 4,158 ▲ 2.12% SILVER 60.67 ▲ 3.12% SOY 1,237 ▲ 1.46% CORN 485.75 ▲ 7.29% WHEAT 704.75 ▲ 3.95% COFFEE 315.05 ▼ 5.09% SUGAR 14.83 ▼ 0.34% ORANGE JUICE 147.60 ▲ 2.64% COTTON 80.43 ▲ 1.86% COCOA 5,328 ▼ 4.98% BEEF 219.30 ▼ 3.25% CATTLE 335.73 ▼ 3.96% LITHIUM 69.39 ▲ 0.44% PETR4 42.61 ▲ 2.28% VALE3 74.14 ▲ 2.63% ITUB4 42.59 ▲ 0.14% BBDC4 18.60 ▲ 0.27% ABEV3 16.08 ▲ 1.77% BBAS3 20.72 ▼ 0.77% B3SA3 15.49 ▲ 2.11% WEGE3 46.43 ▲ 9.32% PRIO3 59.51 ▲ 2.29% SUZB3 42.12 ▲ 1.18% RENT3 36.83 ▲ 0.77% AZZA3 17.50 ▲ 0.11% CSAN3 3.88 ▲ 2.65% RAIZ4 0.27 — 0.00% PCAR3 2.69 ▼ 1.47% GMAT3 3.85 ▲ 0.52% PSSA3 54.57 ▲ 2.04% CVCB3 1.23 ▲ 9.82% POSI3 3.70 ▲ 0.54% SLCE3 13.86 ▲ 0.80% NATU3 8.77 ▲ 0.69% BRKM5 6.19 ▲ 8.41% RANI3 7.97 ▲ 1.01% CSNA3 5.27 ▲ 4.15% CMIN3 5.88 ▲ 5.38% USIM5 8.60 ▲ 1.65% GGBR4 23.68 ▲ 0.81% ENEV3 25.57 ▲ 0.59% CPFE3 46.35 ▼ 0.11% CMIG4 11.11 ▲ 0.82% EQTL3 38.86 ▲ 0.08% LREN3 13.51 ▲ 1.81% VIVT3 35.75 ▼ 0.14% RAIL3 13.56 ▲ 2.42% KLABIN 17.85 ▲ 1.48% RAIA DROGASIL 18.06 ▼ 0.39% RDOR3 33.67 ▼ 0.74% HAPV3 11.48 ▲ 2.14% FLRY3 16.64 ▲ 0.54% SMTO3 16.04 ▲ 2.95% UGPA3 32.32 ▲ 1.57% VBBR3 34.45 ▲ 1.47% BBSE3 41.96 ▲ 0.99% BPAC11 56.08 ▲ 1.28% CURY3 30.09 ▲ 0.47% AERI3 2.06 ▲ 0.98% VIVARA 21.25 ▼ 0.75% COMPASS 24.58 ▲ 0.57% VAMOS 3.17 ▲ 2.59% SANB11 26.57 ▼ 2.35% ASAI3 8.39 ▲ 1.70% SBSP3 28.91 ▲ 1.08% WALMEX 49.42 ▲ 0.55% GMEXICO 212.31 ▲ 1.60% FEMSA 230.59 ▲ 1.70% CEMEX 22.31 ▲ 1.09% GFNORTE 187.84 ▲ 1.10% BIMBO 60.28 ▲ 1.50% TELEVISA 9.90 ▲ 1.43% AMX 22.74 ▼ 0.09% GAP 379.20 ▲ 0.18% ASUR 274.07 ▼ 0.32% OMA 230.07 ▲ 1.68% KOF 184.24 ▲ 2.09% GRUMA 281.95 ▼ 0.23% KIMBER 39.14 ▲ 1.93% SQM-B 66,088 ▲ 2.40% COPEC 6,450 ▼ 0.00% BSANTANDER 79.39 ▲ 0.48% FALABELLA 5,980 ▲ 1.03% ENELAM 84.36 ▼ 0.20% CENCOSUD 2,025 ▼ 0.15% CMPC 1,077 ▼ 0.66% BANCO CHILE 190.50 ▲ 0.26% LATAM AIR 24.02 ▼ 0.74% YPF 81,900 ▲ 1.58% GGAL 8,220 ▲ 3.20% PAMPA 5,525 ▲ 0.91% TXAR 673.00 ▼ 0.88% ALUAR 975.00 ▲ 0.21% TGS 9,815 ▲ 1.08% CEPU 2,350 ▲ 0.43% MIRGOR 16,950 ▲ 1.04% COME 43.00 ▲ 0.30% LOMA NEGRA 3,625 ▲ 0.55% BYMA 296.00 ▲ 1.28% TELECOM ARG 4,260 ▲ 0.12% ECOPETROL 16.93 ▲ 2.44% BANCOLOMBIA 84.42 ▲ 0.93% GRUPO AVAL 5.04 ▼ 0.94% CREDICORP 390.55 ▼ 0.14% SOUTHERN COPPER 191.14 ▲ 1.66% BUENAVENTURA 32.77 ▲ 4.86% MERCADOLIBRE 1,799 ▼ 1.31% NUBANK 14.00 ▼ 2.75% XP 17.01 ▲ 0.92% PAGSEGURO 9.52 ▼ 0.63% STONE 11.15 ▼ 0.93% GLOBANT 32.05 ▼ 0.16% TECNOGLASS 45.30 ▲ 0.33% GAP AIRPORT 218.24 ▲ 0.26% ASUR 274.07 ▼ 0.32% OMA AIRPORT 105.61 ▲ 1.32% AMX ADR 26.12 ▲ 0.10% FEMSA ADR 132.00 ▲ 1.27% CEMEX ADR 12.81 ▲ 0.83% PETROBRAS ADR 19.02 ▲ 2.56% VALE ADR 14.65 ▲ 2.81% ITAU ADR 8.38 ▼ 0.24% SANTANDER BR 5.38 ▼ 0.65% AMBEV ADR 3.15 ▲ 1.29% CSN 1.06 ▲ 6.00% GERDAU 4.71 ▲ 1.51% LATAM ADR 51.10 ▼ 0.91% BTC 65,699 ▼ 1.21% ETH 1,929 ▲ 0.04% SOL 77.74 ▼ 0.47% XRP 1.14 ▼ 0.26% BNB 570.64 ▼ 0.52% ADA 0.17 ▲ 0.78% DOGE 0.07 ▼ 0.74% AVAX 6.55 ▼ 0.17% LINK 8.64 ▼ 0.07% DOT 0.84 ▼ 0.92% LTC 46.76 ▼ 0.12% BCH 219.76 ▼ 1.76% TRX 0.33 ▼ 0.46% XLM 0.19 ▼ 1.63% HBAR 0.07 ▲ 3.54% NEAR 1.88 ▼ 2.80% ATOM 1.46 ▼ 1.42% AAVE 96.99 ▲ 1.48% SELIC 14.25% EMBRAER 83.73 ▲ 1.31% EMBRAER ADR 66.12 ▲ 0.99% JBS 12.23 ▲ 2.30% JBS BDR 61.75 ▲ 2.54% MBRF3 15.46 ▲ 2.32% MBRFY 3.00 ▲ 1.69% INTER 5.54 ▼ 0.72%
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Wednesday, July 22, 2026

Referendum Day in Chile: Choosing a Constitutional Path

By · December 17, 2023 · 2 min read

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Chile faces a pivotal moment this Sunday, December 17, 2023, as citizens vote on a new constitutional proposal.

This draft, presented to President Gabriel Boric in October, aims to replace the existing constitution from Augusto Pinochet’s era.

Notably, this version appears more conservative than the 2022 proposal, which failed in an earlier referendum.

The Chilean Constitutional Council, mainly right-wing and conservative members, finalized the proposal after four months.

This process differs from the 2022 effort, involving 24 experts from Congress and elected politicians.

Referendum Day in Chile: Choosing a Constitutional Path. (Photo Internet reproduction)
Referendum Day in Chile: Choosing a Constitutional Path. (Photo Internet reproduction)
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The right wing gained a majority in the Council, ensuring the draft’s passage with limited opposition.

Approval of this document would retire the 1981 Constitution, criticized during the 2019 “social outbreak” for perpetuating inequality.

The current proposal maintains some principles from Pinochet’s era, despite various amendments since its inception.

Ester Rizzi, a University of São Paulo professor and constitutional history researcher, notes similarities in both the 1980 and current constitutions, rooted in liberal constitutionalism.

She expresses skepticism about the new proposal’s ability to establish a practical Social State.

The new constitution proposes changes in political and legislative systems, mirroring aspects of Pinochet’s constitution.

It maintains Chile as a Democratic Republic with separated powers and a presidential system, including a bicameral Congress.

Unlike the 2022 draft, which sought to abolish the Senate, the new text introduces fewer institutional innovations.

Referendum Day in Chile: Choosing a Constitutional Path

Supporters of the “yes” vote argue these changes will foster stronger majorities in Congress, reducing legislative fragmentation.

Opponents fear a loss of representativeness. The proposal also emphasizes the private sector’s role in social rights, drawing criticism for perpetuating inequality.

The draft recognizes indigenous communities, unlike Pinochet’s constitution. It asserts the government’s duty to respect and promote their rights, embracing interculturality.

Regarding gender rights, the proposal ensures party candidacy parity but not elected parity.

It shifts language around protecting unborn life, sparking debates on abortion law implications.

Recent polls indicate a lean towards rejection of the proposal, with a narrower margin than in the last referendum.

This reflects President Boric’s current disapproval rating and the complexities of Chile’s political landscape.

Overall, this referendum is crucial for Chile, potentially marking a significant shift in its constitutional framework.

 

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