Chile

Chile is a democratic country with a multi-party political system. The President of Chile is the head of state and the commander-in-chief of the armed forces. The Chilean Congress is a bicameral legislature consisting of an elected Chamber of Deputies and an appointed Senate. The primary sources of law are the Constitution and laws passed by Congress, which are then issued through executive decrees signed by the President. Chile’s judiciary is independent from that of the executive and legislative branches, with a Supreme Court and judges appointed by the president on proposal from the Senate. Political parties in Chile range from conservative to center-left, with a wide variety of ideologies represented in Congress. The main parties currently represented in Congress include Christian Democratic Union, Revolutionary Left Movement, Social Democratic Radical Party, National Renewal, and Independent Democratic Union. PROEXCHANGERATES: Features public policy of Chile.