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Sebastian Pinera sworn in as Chile's president

IANS  |  Valparaiso 

was sworn in as Chile's on Sunday, beginning what will be his second term in office after a four-year absence.

At a brief ceremony before members of the gathered in the central port city of Valparaiso, received the presidential sash from outgoing center-left for the second time, since she had turned over the reins to in 2010. Since 2006, the two have alternated in office.

Pinera, 68, was re-elected in last November elections, promising to lower taxes and boost investment, and will serve until 2022, reported.

According to magazine, is the fourth wealthiest man in Chile, with an estimated fortune of $2.8 billion.

Following the ceremony, Bachelet and her cabinet left the venue to rounds of applause. Neither Bachelet nor made a speech.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 03:08 IST