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March 15, 2010

Chile reconstruction estimate now $30B

  • But thanks to surplus stashed away in better times, Chile will be able to finance much of its own reconstruction from last month's earthquake.
    • By BRAD HAYNES
    Associated Press Writer

    SANTIAGO, Chile — Chile may need to spend twice as much as Haiti to recover from its devastating quake and tsunami, but it doesn't have the same desperate need for international aid or generous loans.

    Thanks to surplus stashed away in better times, Chile will be able to finance much of its own reconstruction from last month's disaster. President Sebastian Pinera said the country will draw on foreign credit “with moderation.”


     
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