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Financial News: CHILE: Bachelet Changes Cabinet After Minister's Resignati

CHILE: Bachelet Changes Cabinet After Minister's Resignation

08/31/2017 - 20:52:00 (RTTNews)

(RTTNews) - Hours after the Chilean Finance Minister Rodrigo Valdés announced his resignation, President Michelle Bachelet announced changes to her cabinet. She confirmed the departure of the Economy minister Luis Felipe Céspedes and promoted changes in the Presidency's General Secretariat.

"I want to thank Rodrigo Valdés for his commitment to the government's goals," said the president, while acknowledging "Luis Felipe Céspedes for all his great efforts to expand entrepreneurship initiatives in our economy."

According to the Presidency, Bachelet appointed Nicolás Eyzaguirre as Minister of Finance, in replace to Valdés of Economy, Promotion, and Tourism, replacing Luis Felipe Céspedes promoted Gabriel de la Fuente Acuña to Secretary General of the Presidency, replacing Eyzaguirre.

The changes in Bachelet's cabinet comes amid sharp differences between the environment minister Marcelo Mena with Luis Felipe Céspedes due to a recent vote in the Council of Ministers in which the Dominga mining project was rejected.

Valdés supported the project arguing that the Chilean economy needs to grow. This situation led Bachelet to intervene through her Twitter account, contradicting Valdés by stating that "Chile needs development to go hand in hand with the care for the environment."

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