| Chile's government will create a $4.0 billion education fund, equivalent to almost 2% of gross domestic product, following weeks of massive protests throughout the Andean nation, which dragged President Sebastian Pinera's approval rating to the gutter and threatened his political agenda.
Using money from the Treasury and one of the nation's two sovereign wealth funds--the Economic and Social Stabilization Fund or FEES by its Spanish abbreviation--the government will create the education fund, which will complement money set aside in the fiscal budget for education..............................................Full Article: Source
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