Chile Finance Chief Wants to Unlock Billions in New Investments

Chile’s government is readying legislation to unlock billions of dollars of investments by speeding up the approval process, following years of complaints over excessive red tape, Finance Minister Mario Marcel said.

The government will introduce a bill overhauling environmental impact assessments to accelerate the evaluation of decarbonization projects worth more than US$7.5 billion, Marcel told investors at the annual Chile Day event in New York on Friday. The administration will also expedite more than 100 other investment proposals.