IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,266.01 ▼ 1.54% MERVAL 3,319,522 ▼ 1.78% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL5.08▲ 0.50% USD/MXN17.51▲ 0.67% USD/CLP945.00▲ 1.00% USD/COP3,200▼ 0.84% USD/PEN3.40▼ 0.08% USD/ARS1,488▲ 0.38% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP 58.00 — 0.00% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES740.37▲ 0.46% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.78▼ 0.26% BRENT 100.12 ▲ 6.43% WTI 91.67 ▲ 5.57% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.95% GOLD 4,047 ▼ 2.42% SILVER 57.95 ▼ 3.45% SOY 1,246 ▲ 1.01% CORN 488.25 ▲ 5.68% WHEAT 697.75 ▼ 1.13% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.00 ▼ 2.16% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.71 ▼ 1.56% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 680.00 ▲ 1.80% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,765 ▼ 1.18% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,079 ▼ 1.55% ETH 1,874 ▼ 3.10% SOL 75.78 ▼ 2.73% XRP 1.11 ▼ 2.92% BNB 567.51 ▼ 0.57% ADA 0.17 ▼ 4.02% DOGE 0.07 ▼ 5.02% AVAX 6.24 ▼ 5.70% LINK 8.43 ▼ 2.23% DOT 0.81 ▼ 2.30% LTC 46.91 ▼ 0.34% BCH 210.25 ▼ 4.42% TRX 0.33 ▼ 0.08% XLM 0.18 ▼ 2.63% HBAR 0.07 ▼ 2.39% NEAR 1.89 ▲ 1.29% ATOM 1.43 ▼ 2.77% AAVE 95.46 ▼ 1.95% SELIC 14.25% EMBRAER 83.40 ▼ 0.47% EMBRAER ADR 65.47 ▼ 0.88% JBS 12.13 ▼ 0.98% JBS BDR 61.82 ▲ 0.03% MBRF3 15.59 ▼ 2.74% MBRFY 3.09 ▼ 3.13% INTER 5.46 ▼ 4.04% EGX 53,932 ▼ 0.11% USD/ZAR16.80▲ 2.50% USD/NGN 1,366 — 0.00% NIKKEI 64,579 ▼ 2.78% CSI300 4,702 ▼ 0.55% HSI 24,914 ▼ 1.18% NIFTY 23,870 ▼ 0.53% KOSPI 6,894 ▼ 2.86% JCI 6,315 ▼ 0.30% USD/JPY163.78▲ 0.39% USD/CNY6.76▼ 0.12% DAX 24,763 ▼ 1.56% CAC 8,299 ▼ 1.64% FTSE 10,639 ▼ 0.73% MIB 51,316 ▼ 2.80% IBEX 19,267 ▼ 1.55% STOXX 639.27 ▼ 1.18% EUR/USD1.14▼ 0.22% GBP/USD1.33▼ 0.45% SPX 7,408 ▼ 1.21% DJI 51,712 ▼ 0.97% NDX 28,455 ▼ 1.87% RUT 2,940 ▼ 0.67% TSX 35,193 ▼ 0.82% VIX 18.70 ▲ 12.38% USD/CAD1.41▼ 0.10% US10Y 4.7030 ▲ 0.99% IBOV 176,723.62 ▼ 0.46% IPSA 10,916.70 ▼ 0.84% IPC MEX 66,266.01 ▼ 1.54% MERVAL 3,319,522 ▼ 1.78% COLCAP 2,283.28 ▼ 0.60% BVL PERÚ 57,575.02 — — USD/BRL 5.08 ▲ 0.50% USD/MXN 17.51 ▲ 0.67% USD/CLP 945.00 ▲ 1.00% USD/COP 3,200 ▼ 0.84% USD/PEN 3.40 ▼ 0.08% USD/ARS 1,488 ▲ 0.38% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 58.00 — 0.00% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 740.37 ▲ 0.46% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.37% USD/TTD 6.73 ▲ 1.17% EUR/BRL 5.78 ▼ 0.26% BRENT 100.12 ▲ 6.43% WTI 91.67 ▲ 5.57% IRON ORE 161.91 — — COPPER 6.33 ▼ 1.95% GOLD 4,047 ▼ 2.42% SILVER 57.95 ▼ 3.45% SOY 1,246 ▲ 1.01% CORN 488.25 ▲ 5.68% WHEAT 697.75 ▼ 1.13% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 69.02 ▲ 0.03% PETR4 42.95 ▲ 0.87% VALE3 75.68 ▲ 0.77% ITUB4 42.56 ▼ 0.79% BBDC4 18.72 ▼ 1.32% ABEV3 15.92 ▼ 1.30% BBAS3 20.93 ▼ 0.76% B3SA3 15.65 ▼ 1.57% WEGE3 45.67 ▼ 2.29% PRIO3 60.54 ▲ 1.29% SUZB3 42.43 ▼ 0.54% RENT3 37.14 — 0.00% AZZA3 17.05 ▼ 4.27% CSAN3 3.90 ▼ 0.51% RAIZ4 0.27 — 0.00% PCAR3 2.87 ▲ 4.36% GMAT3 3.87 ▼ 1.02% PSSA3 55.18 ▼ 0.49% CVCB3 1.31 ▲ 3.15% POSI3 3.67 ▼ 0.81% SLCE3 13.77 ▼ 1.36% NATU3 8.56 ▼ 1.38% BRKM5 6.17 ▲ 1.65% RANI3 7.93 ▼ 0.88% CSNA3 5.30 ▼ 1.49% CMIN3 5.83 ▼ 0.17% USIM5 8.49 ▼ 1.85% GGBR4 24.06 — 0.00% ENEV3 25.70 ▼ 1.04% CPFE3 46.22 ▼ 1.05% CMIG4 11.19 ▼ 0.18% EQTL3 39.02 ▼ 0.84% LREN3 13.37 ▼ 1.26% VIVT3 34.70 ▼ 1.92% RAIL3 13.96 ▲ 2.35% KLABIN 17.66 ▼ 1.51% RAIA DROGASIL 18.19 ▼ 0.55% RDOR3 33.67 ▼ 2.38% HAPV3 10.47 ▼ 8.08% FLRY3 16.58 ▼ 0.42% SMTO3 15.71 ▼ 2.12% UGPA3 33.39 ▲ 1.71% VBBR3 35.60 ▲ 1.77% BBSE3 42.40 ▼ 0.42% BPAC11 56.30 ▼ 1.26% CURY3 29.62 ▼ 1.92% AERI3 2.02 ▼ 1.46% VIVARA 21.45 ▼ 0.46% COMPASS 25.08 ▲ 1.09% VAMOS 3.21 ▼ 0.62% SANB11 26.63 ▼ 1.19% ASAI3 8.02 ▼ 4.52% SBSP3 29.00 ▼ 0.99% WALMEX 47.27 ▼ 2.84% GMEXICO 208.35 ▼ 3.10% FEMSA 222.31 ▼ 2.38% CEMEX 21.48 ▼ 3.11% GFNORTE 189.00 ▼ 1.37% BIMBO 59.00 ▼ 2.16% TELEVISA 9.79 ▼ 0.31% AMX 22.84 ▲ 0.66% GAP 375.37 ▼ 0.36% ASUR 269.84 ▼ 1.35% OMA 227.18 ▼ 0.66% KOF 179.71 ▼ 1.56% GRUMA 268.11 ▼ 4.40% KIMBER 39.20 ▲ 0.98% SQM-B 65,499 ▲ 0.68% COPEC 6,260 ▼ 4.43% BSANTANDER 80.00 ▲ 0.19% FALABELLA 6,058 ▲ 0.26% ENELAM 85.00 ▲ 0.56% CENCOSUD 1,968 ▼ 2.08% CMPC 1,051 ▼ 1.78% BANCO CHILE 190.72 ▼ 1.44% LATAM AIR 23.50 ▼ 2.45% YPF 82,475 ▼ 0.03% GGAL 7,945 ▼ 3.99% PAMPA 5,630 ▲ 0.09% TXAR 680.00 ▲ 1.80% ALUAR 982.50 ▲ 0.87% TGS 9,995 ▲ 0.91% CEPU 2,420 ▲ 0.37% MIRGOR 16,725 ▼ 1.18% COME 42.53 ▼ 1.41% LOMA NEGRA 3,765 ▼ 1.18% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,325 ▼ 2.15% ECOPETROL 16.33 ▼ 2.16% BANCOLOMBIA 86.79 ▲ 2.52% GRUPO AVAL 4.93 ▼ 2.18% CREDICORP 387.63 ▼ 1.53% SOUTHERN COPPER 182.22 ▼ 6.78% BUENAVENTURA 31.32 ▼ 2.40% MERCADOLIBRE 1,799 ▼ 0.03% NUBANK 14.19 ▼ 2.21% XP 16.83 ▼ 2.72% PAGSEGURO 9.46 ▼ 2.17% STONE 10.98 ▼ 3.35% GLOBANT 30.61 ▼ 0.20% TECNOGLASS 43.75 ▼ 3.26% GAP AIRPORT 215.45 ▼ 0.96% ASUR 269.84 ▼ 1.35% OMA AIRPORT 104.14 ▼ 1.15% AMX ADR 25.95 ▼ 0.65% FEMSA ADR 127.08 ▼ 2.93% CEMEX ADR 12.26 ▼ 3.62% PETROBRAS ADR 19.00 ▲ 0.58% VALE ADR 14.83 ▼ 0.13% ITAU ADR 8.35 ▼ 1.53% SANTANDER BR 5.36 ▼ 1.74% AMBEV ADR 3.09 ▼ 1.47% CSN 1.06 ▼ 2.75% GERDAU 4.77 — 0.00% LATAM ADR 49.79 ▼ 2.87% BTC 65,079 ▼ 1.55% ETH 1,874 ▼ 3.10% SOL 75.78 ▼ 2.73% XRP 1.11 ▼ 2.92% BNB 567.51 ▼ 0.57% ADA 0.17 ▼ 4.02% DOGE 0.07 ▼ 5.02% AVAX 6.24 ▼ 5.70% LINK 8.43 ▼ 2.23% DOT 0.81 ▼ 2.30% LTC 46.91 ▼ 0.34% BCH 210.25 ▼ 4.42% TRX 0.33 ▼ 0.08% XLM 0.18 ▼ 2.63% HBAR 0.07 ▼ 2.39% NEAR 1.89 ▲ 1.29% ATOM 1.43 ▼ 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Chile Latin America

Political future of Chilean President increasingly uncertain

By · April 28, 2021 · 2 min read

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RIO DE JANEIRO, BRAZIL – Chile’s Constitutional Court (TC) rejected on Tuesday a request by the government of Sebastián Piñera seeking to disapprove of a constitutional reform that Congress passed into law for a third pandemic aid withdrawal of 10% of the pension funds.

In a plenary 7-3 vote, the TC did not accept the challenge for unconstitutionality and cleared the way for final parliamentary approval of the bill, which seems inevitable following the Senate’s green light last week.

Future of Chilean president increasingly uncertain
Future of the Chilean president increasingly uncertain. (Photo internet reproduction)
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In other words, the only way Piñera can stop the third pandemic aid withdrawal of 10% of pension fund accounts is to veto it. Many in Chile see this as political suicide.

The TC’s decision caused an immediate uproar in the political world. Senator Iván Moreira, from the right-wing Independent Democratic Union (UDI), assured that “this is a very great defeat for the Government,” which will have to assume serious consequences.

Moreira pointed out that the chief executive did not foresee the effects of sending this project to the TC, approved with more than a two-thirds vote in the National Congress, could have, and warned that this would even imply a change of cabinet.

Socialist Deputy Maya Fernández asked the president not to veto the constitutional reform and sign it, so that millions of Chileans can receive 10% of their pension savings.

Deputy Camila Vallejo of the Communist Party pointed out that the ruling of the TC ”is a huge defeat for the government by an institution as close to La Moneda as the Constitutional Court“ and considered that Piñera should immediately sign the reform approved by the parliament.

Deputy Pamela Jiles of the Humanist Party, one of the promoters of the bill, underlined that ”today is the end of the Piñera government, curiously at the hands of that anti-democratic monstrosity, which is the TC.” She also said, “Piñera will be able to continue. I don’t know for how long in La Moneda, but he will be vegetating; he will be an ornament.”

After the ruling was known, an emergency meeting of the Political Committee was called immediately from the La Moneda Palace, headed by the president, to decide what to doin the face of this new situation.

In addition to being strongly criticized at the time by almost all political parties, including his own ruling party, the request presented by Piñera to the TC generated a wave of protests in the country with cacerolazos, barricades in the streets, and even the call for a general strike for this coming Friday.

La Moneda went to the TC last week, intending to block it under the pretext that the draft was unconstitutional because it mortgaged the future of Chileans and would leave almost five of the 11,000,000 listed in the system without pension funds.

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