Boric disputes Frei on 'Escudo de las Américas', flags economic and defense risks

Chilean President Gabriel Boric publicly rebutted predecessor Eduardo Frei's defense of the 'Escudo de las Américas' initiative, clarifying that his and Michelle Bachelet's concerns target unspecified non-counter-narcotics provisions. The exchange signals intra-elite friction over a regional security framework with potential economic and defense consequences for Chile. Details of the disputed provisions remain undisclosed, limiting assessment of direct market impact.