With a meeting with investors at the Council of the Americas, the Minister of Finance, Mario Marcel, closed the last day of Chile Day, which took him to visit two business centers in two countries and make presentations before a large audience that totaled 800 people. . Today, Friday in New York, the authority made a presentation early in the morning where it explained the process of stabilizing the country’s economy between 2022 and 2023, and referred to the agreement between SQM and Codelco that was sealed early in our country. “This agreement is very good news for Chile, for the lithium industry and it is very good news for the State as a participant in this public-private partnership,” he indicated.
The Secretary of State highlighted the impact that this association will have: “this agreement will allow Chile to increase its lithium production in the Salar de Atacama, it will mean an increase in production much faster than any other alternative that could be available.” previously considered in the previous government, or in the current government. Adding this to the progress that has been made in the call to the private sector to express its interest in lithium concessions in 26 salt flats, allows us to definitively close the entire discussion on whether Chile is behind or not in the development of this industry.
Likewise, he remarked: “I think Chile is advancing at a very good pace on this issue. This will allow lithium production to increase by more than 70% by 2026, which implies more than doubling production in a decade and therefore Chile will undoubtedly be a leader in lithium production globally for the next years”.
The balance of Chile Day Toronto
Again this year, the event organized by Inbest, took place in two countries, Canada and the United States, with the aim of promoting Chile as an investment destination by bringing together investment banks, multinational companies, law firms from Chile and abroad. and various top-level investors.
“The main message that one takes away from this Chile Day in Toronto and in New York is that it is clearly recognized that Chile did what it had to do in terms of restoring the balance of the economy, stabilizing it, lowering inflation, lowering the deficit in current account, and that all this generates a basis to be able to grow, invest and develop projects in the future, which is much more solid than what we had previously,” said Minister Marcel.
The Secretary of State concluded with a favorable balance: “Previous years we came to tell about our diagnosis, our plans, what we were promoting. Now we can show concrete results, which makes a very significant difference. Things are going in the right direction. This is added to an international context in which Latin America and Chile in particular, become a more desirable destination for investments, given the difficulties that have arisen in other regions of the world. In general it has been a very positive meeting.”
The Chile Day event in New York included various conferences and a panel on “Strategic Investments in Chile: The potential of being an international benchmark”, where representatives of prominent international companies participated and was moderated by the director of InBest, Guillermo Tagle.
