Chile's New Constitution: Where Is Chile Now, And Where Is It Heading?

As discussed in our last Latin America Note on Chile, for many, the constitutional re-write process and the election of Gabriel Boric as President represent an opportunity to reshape Chile's political, economic, and social structures by increasing social investment and environmental protection. However, for others (including foreign investors), this period of uncertainty has triggered significant concern about the future of doing business in the country.

The Chilean Constitutional Assembly has been considering different proposals from its thematic commissions, and some of them now form part of the final draft of the new Constitution. We discuss below those that are key for foreign investments and the next steps in the constitutional re-write process.