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Chile a developed country in 10 years, affirms President Piñera.

Chile will eliminate poverty and become a developed country within a decade, President Sebastian Pinera said in his first state-of-the-nation address.

Pinera set out plans for recovering from, and moving beyond, February’s devastating earthquake in the speech to congress today in the coastal city of Valparaiso.

The 60-year-old billionaire promised to increase average income per capita to more than $22,000 by the end of the decade from $14,000 now by improving education and labor laws, creating jobs and guaranteeing a minimum income for families.

“We have to recover lost time and set Chile once again on the path to solid and sustainable progress,” he said. “Our target of growing at 6 percent a year will allow us to achieve development in eight years, before the end of this decade, beating the level of per capita income of southern European countries” such as Portugal.READ MORE HERE