Chile Earmarks US470 Million for Emergency Pandemic Relief

RIO DE JANEIRO, BRAZIL – Chilean President Sebastian Piñera on Thursday, January 7th, announced US$470 million in emergency pandemic relief for the country’s poorest households amid a resurgence in COVID-19.

The aid will benefit about 3.2 million vulnerable households affected by the health and economic crisis, Pinera told reporters at the government headquarters.

The plan will provide up to US$140 per person for households in cities that have been in lockdown for four of the last five weeks, with a cap of 10 beneficiaries per household.

Smaller aid between US$35 and US$56 will go to poor residents in cities that have emerged or are emerging from lockdown.

In all, the relief package will benefit over 7.8 million people, said Pinera.

The pandemic has led to US$21.6 billion in economic losses, equivalent to 12 percent of the country’s gross domestic product.

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