Heine Offers Thoughts on Boric’s Plan for Chile’s Pension System
Ambassador Jorge Heine, Research Professor at the Frederick S. Pardee School of Global Studies at Boston University, was recently featured in the Financial Services Advisor, a publication of the Inter-American Dialogue, a Washington D.C. think tank.
Heine responded to the publication’s feature Q&A, which asked about the impacts of Chilean President Gabriel Boric‘s proposed reform of the country’s pension system and how likely it is that the reform will win congressional approval. According to Heine, approval of the reforms seems like a no-brainer; the Chilean pension system has long been a contentious issue, and 56% of Chileans are in favor of abolishing the private pension administrators (AFPs), which is exactly what the government’s bill proposes to do. However, Boric’s government does not have a majority in Congress, and Heine argues that after the failed constitutional vote in September, the prospects for the bill are uncertain.
The full issue of the Financial Services Advisor can be read on the Inter-American Dialogue’s website.
Ambassador Jorge Heine is a Research Professor at the Pardee School of Global Studies at Boston University. He has served as ambassador of Chile to China (2014-2017), to India (2003-2007), and to South Africa (1994-1999), and as a Cabinet Minister in the Chilean Government. Read more about Ambassador Heine on his Pardee School faculty profile.