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Friday, June 29 de 2018

Government works on financing alternatives for the Sótero del Rio Hospital

After informing about the capitalization process, Minister Larraín was consulted about other topics. In relation to the financing project of the Hospital Sótero del Rio, the minister was empathic in stating that “we are working with the Ministry of Health to see financing alternatives” for this project. 

The minister recalled that the construction of this initiative was the result of a concession  that was awarded during Sebastián Piñera’s previous term. The award decree entered the Comptroller’s office on March 10, 2014, but it was withdrawn on June 4, 2014 by the previous Government. 

S&P report on Chile

In regards to the last S&P report on Chile, which maintained an "A +" note for Chile's foreign currency debt with a stable outlook, Minister Larraín highlighted several aspects contained in the rating report.

“We are satisfied. Additionally, S&P points out that, if the measures that are being promoted, higher levels of growth and the fiscal measures that we have implemented, are maintained, the rating classification can be revised upwards", the minister said.

The minister reiterated the Government’s commitment to recover the sovereign rating classification, but warned that it is not a short-term issue. “We received the S&P report with satisfaction, but without a doubt we must continue working. It does not take much to lose a risk classification; unfortunately, this happened to Chile in 2017. The difficult thing is to recover it once you lose it. It's like trust. What we have to do is show seriousness, fiscal responsibility, and that is what is being taken into consideration. The new fiscal institutions are also well considered in the S&P report”, he said.

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