European Commissioner for Budget and Administration, Johannes Hahn, concludes his first visit to Chile stressing the strengthening of bilateral relations in the financial field
The European Commissioner for Budget and Administration, Johannes Hahn, visited Chile for the first time as part of a trip to Latin America, which includes Brazil and Peru as well as Chile. The Commissioner successfully fulfilled the objective of his visit to promote the euro as an international currency and Eurobonds as a safe and attractive investment for the region.
The European Union (EU) has become a major issuer of highly rated bonds to finance the recovery and resilience of the EU's green and digital economy, and to provide liquidity support to Ukraine. To this end, the EU issues an average of approximately €150 billion per year, which will make the EU one of the largest issuers of euros.
During his visit, the Commissioner highlighted that “It has been a pleasure to meet Chilean public and private actors and to exchange views on the important role of the EU on the financial markets as issuer of EU bonds. Chile and the European Union share global leadership in the issuance of green and socially-targeted bonds. As the EU is Chile's leading foreign direct investor and its third largest trading partner, we can also be partners in financial investments”.
Del UE
The European Commissioner for Budget and Administration was received by the President of the Central Bank of Chile, Rosanna Costa. In this instance, he discussed international economic and financial issues of mutual interest, and presented the Eurobonds, debt instruments issued by the EU.
Commissioner Hahn was also received by the Act Minister of Foreign Affairs, Gloria de la Fuente, with whom they discussed the excellent bilateral relations, which will be further strengthened with the new EU-Chile Advanced Framework Agreement, currently in the process of ratification by the Chilean Congress, and the opportunities that are opening up to strengthen bilateral relations. On the occasion, the Commissioner stressed that "the EU has financial instruments available for foreign investors (Eurobonds) and that the Euro is a stable global currency, which can help Chile to diversify its exposure to other currencies and instruments".
The visit of the European Commissioner culminated in a meeting with relevant private stakeholders such as institutional investors, academics and other experts, recognizing the importance of the Chilean financial markets. There were very interesting dialogues on the current situation of international financial instruments in Chile and future prospects, especially for the Euro and Eurobonds.
