Help for Chilean exporters to counter US dollar meltdown

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Posted on: February 5th, 2008
Filed Under: [ Business ] [ Hispanic News ] [ Non-US News ] [ Blogante Business ]
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“A first major step is the issuing of 1.2 billion US dollars in sovereign bonds which will be floated in three 400 million US dollars documents between next March and December with the purpose of absorbing US dollar liquidity in Chilean money markets. Maturing time will be 10, 20 and 30 years.

More specifically to help small and medium sized companies involved in exports the Chilean government will double the money invested in Pro Chile the organization created to promote the country’s overseas sales. The government will also match every dollar the private sector invests in promotion during the next 18 months up to the sum of 15 million US dollars.
“*

*From: http://www.mercopress.com
Traducido: usando Google o Altavista/Babel Fish

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