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Chile’s Boric Becomes President With Vow to Redistribute Wealth

  • Boric says he will ‘decidedly’ back Constitutional Convention
  • His administration will be tested by inflation, social demands
Gabriel Boric gives his first speech during inauguration ceremony in Santiago on March 11.
Gabriel Boric gives his first speech during inauguration ceremony in Santiago on March 11.Photographer: Cristobal Olivares/Bloomberg

Chile President Gabriel Boric said he will work to boost economic growth and better disseminate wealth while healing tensions from years of social unrest, in his first speech after being sworn in as head of state.

The new administration will help small companies and prioritize a reduction in working week hours, Boric, 36, told onlookers outside the presidential palace in downtown Santiago on Friday. The economy has to grow even as the pandemic lingers, and the benefits have to reach all segments of society, he said.