Identifier
Created
Classification
Origin
08SANTIAGO985
2008-11-05 20:00:00
CONFIDENTIAL
Embassy Santiago
Cable title:
REQUEST FROM CHILEAN PRESIDENT BACHELET
how-toO 052000Z NOV 08 FM AMEMBASSY SANTIAGO TO DEPT OF TREASURY WASHDC IMMEDIATE SECSTATE WASHDC IMMEDIATE 3926 INFO MERCOSUR COLLECTIVE PRIORITY DEPT OF COMMERCE WASHDC PRIORITY
C O N F I D E N T I A L SANTIAGO 000985
TREASURY FOR SSENICH
COMMERCE FOR KMANN
STATE PLEASE PASS TO USTR KATE DUCKWORTH
STATE PLEASE PASS TO FEDERAL RESERVE TOM CONNORS
STATE FOR E, WHA/BSC, WHA/EPSC, EEB/IFD/OMA
E.O. 12958: DECL: 11/04/2018
TAGS: ECIN ECON EFIN EINV PGOV PREL CI
SUBJECT: REQUEST FROM CHILEAN PRESIDENT BACHELET
Classified By: Ambassador Paul E. Simons. Reason 1.4 (b) and (d).
C O N F I D E N T I A L SANTIAGO 000985
TREASURY FOR SSENICH
COMMERCE FOR KMANN
STATE PLEASE PASS TO USTR KATE DUCKWORTH
STATE PLEASE PASS TO FEDERAL RESERVE TOM CONNORS
STATE FOR E, WHA/BSC, WHA/EPSC, EEB/IFD/OMA
E.O. 12958: DECL: 11/04/2018
TAGS: ECIN ECON EFIN EINV PGOV PREL CI
SUBJECT: REQUEST FROM CHILEAN PRESIDENT BACHELET
Classified By: Ambassador Paul E. Simons. Reason 1.4 (b) and (d).
1. (SBU) President Bachelet called the Ambassador on November
4 at her initiative to convey her congratulations on the U.S.
electoral process and to express her desire that our
bilateral relations continue to strengthen in the transition
to a new U.S. administration.
2. (C) During the conversation, the President took the
opportunity to raise her desire for Chilean participation in
the upcoming G-20 process. (Foreign Minister Foxley and
Central Bank Governor De Gregorio had communicated similar
requests over the prior week.) The President noted that
during the IberoAmerican Summit in San Salvador last week,
the G-20 discussion had evolved in an unfortunately populist
direction. It would be helpful, she suggested, if moderate
voices from countries such as Chile and Spain could be added
to the process. She had asked Finance Minister Velasco to
approach Secretary Paulson to discuss this issue. Perhaps
one additional country from each continent could join as
either observers or full members. In the meantime, she said,
Chile would convey its views through G-20 members Mexico and
Brazil.
3. (C) COMMENT. In the wake of Argentina,s announcement of
its intention to nationalize its private pension system,
Chileans from across the political and economic spectrum have
chafed at Chile,s exclusion from the G-20 process. While
they recognize that it would be difficult to reopen G-20
membership, they view Chile along with Brazil and Mexico as
the three Latin countries with the deepest capital markets
and the intellectual capital to make a significant
contribution to any effort to revisit the structure of the
international financial system. The President along with
Chile,s senior economic leadership are looking for some
positive public recognition for Chile,s pragmatic
macroeconomic policies and some way to play a role in the
future reform process. END COMMENT.
SIMONS
TREASURY FOR SSENICH
COMMERCE FOR KMANN
STATE PLEASE PASS TO USTR KATE DUCKWORTH
STATE PLEASE PASS TO FEDERAL RESERVE TOM CONNORS
STATE FOR E, WHA/BSC, WHA/EPSC, EEB/IFD/OMA
E.O. 12958: DECL: 11/04/2018
TAGS: ECIN ECON EFIN EINV PGOV PREL CI
SUBJECT: REQUEST FROM CHILEAN PRESIDENT BACHELET
Classified By: Ambassador Paul E. Simons. Reason 1.4 (b) and (d).
1. (SBU) President Bachelet called the Ambassador on November
4 at her initiative to convey her congratulations on the U.S.
electoral process and to express her desire that our
bilateral relations continue to strengthen in the transition
to a new U.S. administration.
2. (C) During the conversation, the President took the
opportunity to raise her desire for Chilean participation in
the upcoming G-20 process. (Foreign Minister Foxley and
Central Bank Governor De Gregorio had communicated similar
requests over the prior week.) The President noted that
during the IberoAmerican Summit in San Salvador last week,
the G-20 discussion had evolved in an unfortunately populist
direction. It would be helpful, she suggested, if moderate
voices from countries such as Chile and Spain could be added
to the process. She had asked Finance Minister Velasco to
approach Secretary Paulson to discuss this issue. Perhaps
one additional country from each continent could join as
either observers or full members. In the meantime, she said,
Chile would convey its views through G-20 members Mexico and
Brazil.
3. (C) COMMENT. In the wake of Argentina,s announcement of
its intention to nationalize its private pension system,
Chileans from across the political and economic spectrum have
chafed at Chile,s exclusion from the G-20 process. While
they recognize that it would be difficult to reopen G-20
membership, they view Chile along with Brazil and Mexico as
the three Latin countries with the deepest capital markets
and the intellectual capital to make a significant
contribution to any effort to revisit the structure of the
international financial system. The President along with
Chile,s senior economic leadership are looking for some
positive public recognition for Chile,s pragmatic
macroeconomic policies and some way to play a role in the
future reform process. END COMMENT.
SIMONS