
The Chilean flag is projected on the presidential palace in Santiago, Chile, on Oct. 25, 2020, after the country voted to create a new constitution.
Chile will face a period of economic uncertainty as the country moves forward with simultaneously creating a new constitution and navigating out of the deep recession generated by the COVID-19 pandemic. Balancing the objectives of incorporating pressing social demands in the new constitution, while preserving the policies that have provided long-term economic stability, will be key for Chile to maintain sustained economic growth. In an Oct. 25 referendum, a resounding majority of Chileans (78 percent) voted to create a new constitution that will be written by a newly elected constitutional convention, kicking off a long process that will occupy Chile’s attention through 2021. The 155 delegates of the new constitutional convention will be elected from lists presented by Chile’s political parties during scheduled municipal and regional elections in April 2021.