Santiago, Chile – Chilean President-elect Jose Antonio Kast is set to appoint economist Jorge Quiroz as the nation’s new finance minister, according to a report published Tuesday by local newspaper Diario Financiero.

Quiroz, a prominent figure in Chilean economic circles, is known for his expertise in fiscal policy and his advocacy for market-oriented reforms. The appointment signals Kast’s early direction for economic management as he prepares to take office in March 2022. Details regarding Quiroz's specific plans for the finance ministry have not yet been released, but his selection suggests a focus on stability and potentially a reevaluation of some existing economic policies.

Kast’s campaign emphasized a return to conservative economic principles and a reduction in government spending. The appointment of Quiroz, who has previously expressed views aligning with this approach, is consistent with those promises. The choice is expected to be closely watched by investors and international financial institutions, given Chile’s significant role in the Latin American economy.

Diario Financiero’s report cited sources within Kast’s transition team confirming the impending announcement. Further details are anticipated in the coming days as Kast finalizes his cabinet selections. The finance minister holds a crucial position in Chile, responsible for managing the country's budget, economic policies, and relationship with international financial bodies. Quiroz’s experience and reputation are expected to provide a degree of reassurance during a period of political transition.