Late into the night of 14 June, and after weeks of tough negotiations, Sebastián Piñera’s (liberal right) government came to an agreement with the main opposition parties (Socialist Party, Party for Democracy, and Christian Democracy Party), over an ‘Emergency Plan Framework Agreement for the Protection of Family Income and the Reactivation of the Economy and Jobs.’ To this end a new $12 billion program will be set up to finance this extraordinary ‘Covid fund’, which over a 24-month period will be aimed in particular at encouraging hiring, career transition, and training.
Earlier in March, the government earmarked $12 billion for its ‘Economic Emergency Plan’, but both the sum and the measures taken proved insufficient, while the economic crisis continued to gain ground nationwide. This new ‘Covid agreement’ that has been sealed with the center-left opposition should quickly secure Parliamentary approval in the coming days.
Unemployment insurance for employees looking after children. The agreement turns on two main axes namely, ‘protecting Chilean family...
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