Chile%E2%80%99s newly sworn in President Sebastian Pinera waves as he leaves after his inauguration at the Congress in Valparaiso, Chile, yesterday.

Qatar- Pinera begins second term as Chile's president

2018-03-11 06:22:59

(MENAFN- Gulf Times) Conservative billionaire Sebastian Pinera was sworn in as Chile's president yesterday, returning to the job after four years of centre-left rule with promises to revive investments in the world's top copper producer. Pinera, who governed Chile in 2010-2014, accepted the presidential sash from outgoing socialist president Michelle Bachelet in a ceremony in the Pacific port city of Valparaiso. Pinera was elected in December with a strong mandate, marking a new rightward shift in South America. His second term begins as prices for copper exports are rising, bolstering government revenues and driving growth in Chile's $250bn economy.

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