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Chileans head to polls again to replace dictatorship-era constitution By Reuters

December 17, 2023
in Markets
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Chileans head to polls again to replace dictatorship-era constitution By Reuters

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Chileans head to polls again to replace dictatorship-era constitution
© Reuters. A Chilean Navy officer stands guard subsequent to voting cubicles earlier than the constitutional referendum which shall be held on December 17, in Valparaiso, Chile, December 15, 2023. REUTERS/Rodrigo Garrido

SANTIAGO (Reuters) – Chileans are as soon as once more heading to the polls to resolve whether or not to exchange their structure that dates again to the Augusto Pinochet dictatorship.

That is the second time in as a few years that Chile has held a vote to exchange its present textual content, a promise born after large-scale, passionate and typically violent protests in opposition to inequality gripped the nation in 2019.

The primary meeting elected to draft a brand new textual content was dominated by leftwing forces however their draft, which centered on social, indigenous, environmental and gender rights, was overwhelmingly rejected by voters final September. The citizens swung proper for the second draft and voters elected an meeting dominated by conservative events.

That textual content is now up for a vote on Sunday, and it’s thought-about to be extra conservative and market-friendly than the 1980 structure it may substitute. The proposed model locations personal property rights and strict guidelines round immigration and abortion at its middle.

For months, polls have confirmed that voters are more likely to reject this proposal too, however the hole tightened within the lead-up to the referendum. Pollster Cadem’s final survey on Dec. 1 earlier than a 15-day ballot blackout confirmed 47% deliberate to vote in opposition to the textual content (-3 factors from Nov. 10) versus 38% who plan to approve it (+6 factors).

Nicholas Watson, a managing director at Teneo Consultancy, a world CEO advisory agency, stated in a report that whatever the outcome, there’s an opportunity for better public disillusionment with the political institution.

“That leaves the causes of the 2019 protests largely unresolved, with all of the dangers that suggests nonetheless latent,” Watson stated.

If the brand new textual content is authorised, the report stated it may additional hinder leftist President Gabriel Boric’s agenda of progressive tax and pension reforms.

“However whereas a ‘no’ win would offer Boric with a lift, it might not be transformative since he would nonetheless have failed on one in all his core targets – to exchange the 1980 structure,” the report stated.

Polls will open at 8 a.m. native time (1100 GMT) and can shut at 6 p.m. (2100 GMT). Outcomes are anticipated at about 8 p.m. (2300 GMT).

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