Pinera Says Chile Will Be First Developed Latin America Nation

Chilean President Sebastian Pinera, who earned his fortune by setting up Chile’s first credit card network and revitalizing Lan Airlines SA, aims to vault his country into the ranks of developed nations by 2020. He talked to Bloomberg Markets magazine editor Ronald Henkoff and Bloomberg News Santiago bureau chief James Attwood on Dec. 6.

During the interview, which took place in Pinera’s sparsely furnished office at the Moneda presidential palace in Santiago, the sound of demonstrators outside marching in opposition to a hydroelectric project were a reminder of the social challenges the president has had to face since he took office in March 2010.