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Financial News: CHILE: Finance Minister Offers Resignation

CHILE: Finance Minister Offers Resignation

08/31/2017 - 18:19:00 (RTTNews)

(RTTNews) - Chilean Finance Minister Rodrigo Valdés said that he offered his resignation to President Michelle Bachelet and she accepted it.

"Some considerations prevent me from continuing to fulfill my role as finance minister. The specific reasons were addressed in the talks I had with the President," said Valdés, according to a statement by that Ministry of Finance. "I firmly believe in a progressive project, which seeks more freedom, more equality, and shared development," said the former official, adding that "some institutions should work better" in Chile.

At the end of the conference, Valdés asked the press to respect his decision not to answer questions "and return to my life as a citizen, away from the media, from where I hope to continue contributing to the country."

Valdés' resignation comes amid sharp differences between the environment and Economy ministers, Marcelo Mena and Luis Felipe Céspedes, respectively, due to the 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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