International

Chile’s GDP grew record 11.7% in 2021

AFP

Chile’s GDP rose by 11.7 percent in 2021, its largest annual spike since record-keeping began in 1960, as the economy reopened following pandemic lockdown restrictions, the central bank said on Friday.

Chile’s economy contracted by 5.8 percent in 2020 due to the effects of the coronavirus crisis.

“This growth reflects the gradual opening of the economy and a better adaptation by families and businesses to the health context and its evolution over the year,” said the bank.

The bank said social programs and several rulings allowing people to withdraw part of their private pension funds helped increase internal spending.

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“The activities that had the largest effect on GDP growth were business and personal services, sectors that particularly benefit from the opening of the economy and an increase in demand,” said the bank.

Growth in the final quarter of 2021 was 12 percent.

The rise in the price of copper — Chile is the world’s largest producer of it — also helped the economy rebound.

Around 90 percent of the poorest families benefited from state grants that cost the government $3 billion a month but helped spark the economic recovery.

Three separate private pension withdrawals also amounted to $50 billion entering the market.

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International

Merengue concert turns to mourning as Jet Set collapse claims 136 lives

Dominican rescue teams will end search and recovery operations on Wednesday, April 9, 2025, at the Jet Set nightclubin Santo Domingo, where the building collapsed during a live concert.

Authorities estimate that the final 20 bodies will be recovered from the rubble today, bringing the official death toll to 136. This includes 12 additional bodies found overnight in the disaster zone, adding to the previously confirmed 124 fatalities.

Outside the collapsed nightclub, desperate relatives of the missing continue to gather, clinging to hope for news. Many also visited nearby hospitals and morgues in search of their loved ones.

A list of confirmed victims has been posted on a tent set up near the site, where the bodies are being transferred for identification.

The tragedy occurred during a performance by renowned merengue singer Rubby Pérez, who was among the deceased.

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Central America

Colombia to host fourth EU-CELAC Summit in November

The Fourth Summit between the European Union (EU) and the Community of Latin American and Caribbean States (CELAC) will take place on November 9 and 10 in Santa Marta, Colombia, according to a joint statement released Wednesday by the Colombian government and the European Council.

The summit will be co-chaired by Colombian President Gustavo Petro, in his role as pro tempore president of CELAC, and European Council President António Costa, the statement added.

The last EU-CELAC summit took place in July 2023 in Brussels, when both blocs agreed to hold these meetings every two years.

The summit brings together the 27 EU member states and the 33 CELAC countries, representing 14% of the global population, 21% of global GDP, and one-third of the members of the United Nations, the communiqué noted.

International

Russia and US to Meet in Istanbul for Diplomatic Talks on April 10

The Kremlin confirmed today a forthcoming meeting with the United States to discuss the normalization of diplomatic relations, which will take place in Istanbul.

“Our participation will be through the Ministry of Foreign Affairs,” said Dmitry Peskov, the presidential spokesperson, during his daily telephone press conference.

Peskov was responding to a question about who would represent Russia in the new round of negotiations, which is supposedly scheduled for April 10.

Subsequently, the Ministry of Foreign Affairs confirmed that the delegations will be led by the Russian ambassador to the U.S., Alexandr Darchiev, and the U.S. Deputy Secretary of State, Sonata Coulter.

These are the same negotiators who met in late February in Istanbul, where the expert-level negotiation format was the same, according to the source.

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Russian Foreign Minister Sergei Lavrov had said a few days ago that the next meeting would be held in the Turkish city, though he did not confirm a date.

Lavrov, who participated in only one of these meetings, clarified that the upcoming discussions would address the issues still dividing Moscow and Washington diplomatically, referring to the operations of both countries’ embassies.

The Kremlin asserted that Washington has not yet responded to Russia’s security concerns, preventing a ceasefire declaration on land, sea, and air.

Meanwhile, Trump expressed discontent with Russia’s recent attacks, including one last week that killed 20 people in Krivi Rig, the hometown of Ukrainian President Volodymyr Zelensky.

So far, Russia has rejected a cessation of hostilities and only declared a 30-day ceasefire on March 18 against attacks on energy infrastructure, which was extended by Kyiv a week later.