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Chile's Bachelet stands by reform despite slowdown

Chile's Bachelet says she'll fulfill promises of ambitious reform despite economic slowdown

Chile's new President Michelle Bachelet adjusts her presidential sash during a religious ceremony in Santiago, Chile, Wednesday, March 12, 2014. Bache...
Chile's new President Michelle Bachelet sepaks at the presidential palace La Moneda in Santiago, Chile, Wednesday, March 12, 2014. Bachelet, who led C...

Chile Bachelet

Chile's new President Michelle Bachelet adjusts her presidential sash during a religious ceremony in Santiago, Chile, Wednesday, March 12, 2014. Bache...

Chile Bachelet

Chile's new President Michelle Bachelet sepaks at the presidential palace La Moneda in Santiago, Chile, Wednesday, March 12, 2014. Bachelet, who led C...

SANTIAGO, Chile (AP) -- Chile's new President Michelle Bachelet says she'll keep her promises to make profound changes to tackle the country's sharp inequality despite her country's economic slowdown.

Bachelet said Wednesday that "the real threat to Chile" would be not carrying out her planned reform.

The 62-year-old moderate socialist was sworn in Tuesday. She has promised a $15 billion spending program to overhaul education, improve health care and reduce the vast gap between rich and poor.

Bachelet plans to finance education reform by hiking corporate taxes and aims to change the dictatorship-era constitution to make Congress more representative.

Chile is the world's top copper producing nation and is known for its fast growth and low unemployment. But growth has slowed to a four-year low and the prices of copper have plunged.


Updated : 2021-04-18 01:47 GMT+08:00