The Chilean Congress has approved an economic reform package championed by José Antonio Kast’s administration. Key measures include a reduction in the corporate tax rate from its current level to 23%. The government aims to incentivize investment and counter the current economic slowdown. This reform also establishes guarantees of stability for substantial investments made within the country. The move comes after projections for Chile’s economic growth through 2030 were revised downwards, from an initial 4% to 3.5%. Officials hope these changes will stimulate the economy and restore investor confidence, despite earlier pessimistic forecasts.