Valparaíso: José Antonio Kast assumed the presidency of Chile on March 11, 2026, before thousands of supporters gathered in front of the National Congress in Valparaíso. The leader of the Republican Party promised deep and irreversible changes in the economy, security, and migration, in what he described as a new era for the country.

Kast, who defeated the center-left candidate in the second round with 53% of the votes, comes to power with a legislative majority that will allow him to advance his ambitious reform agenda. In his inaugural speech, the new president announced the reduction of the size of the State, the elimination of regulations he considers excessive, and a stricter migration policy.

New Government Priorities

President Kast indicated that his first measures will include a tax reform to reduce taxes on businesses, a public security plan called "Chile Seguro," and the renegotiation of trade agreements with China. He also promised to review the pension system and strengthen law enforcement.

The ceremony was attended by right-wing leaders from Argentina, Ecuador, and El Salvador, as well as diplomatic representatives from the United States and the European Union. Former President Sebastián Piñera, who died in 2024, was evoked in the speech as an inspiring figure.

Reactions and Expectations

The center-left opposition, led by figures from the previous Gabriel Boric government, warned that it would monitor the social rights achieved in recent years. Civil society organizations expressed concern about possible setbacks in gender and indigenous rights.

Markets reacted positively: the Chilean peso appreciated 2% against the dollar and the Santiago stock exchange recorded gains. International investors, especially from the mining sector, celebrated the change of government hoping for greater ease in developing copper and lithium projects.

Chile faces significant challenges: an economy that grew just 2.1% in 2025, tensions in the La Araucanía region due to the Mapuche conflict, and a migration wave that generates social pressure. The new government will have to balance its campaign promises with the fiscal and social realities of the country.