Magaly Valencia, a Chilean pensioner affected by the country's private pension fund system (AFP), speaks during an interview in Santiago on October 26, 2026. Chilean pension fund administrators (AFPs) have reported multi-billion-dollar losses, primarily linked to interest rate swap operations in Fund E, affecting more than 760,000 contributors, including over 69,000 people aged 60 and older. Fund E, the most conservative of the five funds available in the system, was hit the hardest falling by an average of 10.4% between January and September 2026. (Photo by Rodrigo ARANGUA / AFP via Getty Images)

Mario Rebolledo, a Chilean pensioner affected by the country's private pension fund system (AFP), speaks during an interview in Santiago on October 23, 2026. Chilean pension fund administrators (AFPs) have reported multi-billion-dollar losses, primarily linked to interest rate swap operations in Fund E, affecting more than 760,000 contributors, including over 69,000 people aged 60 and older. Fund E, the most conservative of the five funds available in the system, was hit the hardest falling by an average of 10.4% between January and September 2026. (Photo by Rodrigo ARANGUA / AFP via Getty Images)

A passerby walks past the offices of AFP Capital, a private pension fund administrator, in Santiago on October 26, 2026. Chilean pension fund administrators (AFPs) have reported multi-billion-dollar losses, primarily linked to interest rate swap operations in Fund E, affecting more than 760,000 contributors, including over 69,000 people aged 60 and older. Fund E, the most conservative of the five funds available in the system, was hit the hardest falling by an average of 10.4% between January and September 2026. (Photo by Rodrigo ARANGUA / AFP via Getty Images)

Magaly Valencia, a Chilean pensioner affected by the country's private pension fund system (AFP), speaks during an interview in Santiago on October 26, 2026. Chilean pension fund administrators (AFPs) have reported multi-billion-dollar losses, primarily linked to interest rate swap operations in Fund E, affecting more than 760,000 contributors, including over 69,000 people aged 60 and older. Fund E, the most conservative of the five funds available in the system, was hit the hardest falling by an average of 10.4% between January and September 2026. (Photo by Rodrigo ARANGUA / AFP via Getty Images)

Mario Rebolledo, a Chilean pensioner affected by the country's private pension fund system (AFP), speaks during an interview in Santiago on October 23, 2026. Chilean pension fund administrators (AFPs) have reported multi-billion-dollar losses, primarily linked to interest rate swap operations in Fund E, affecting more than 760,000 contributors, including over 69,000 people aged 60 and older. Fund E, the most conservative of the five funds available in the system, was hit the hardest falling by an average of 10.4% between January and September 2026. (Photo by Rodrigo ARANGUA / AFP via Getty Images)

A passerby walks past the offices of AFP Capital, a private pension fund administrator, in Santiago on October 26, 2026. Chilean pension fund administrators (AFPs) have reported multi-billion-dollar losses, primarily linked to interest rate swap operations in Fund E, affecting more than 760,000 contributors, including over 69,000 people aged 60 and older. Fund E, the most conservative of the five funds available in the system, was hit the hardest falling by an average of 10.4% between January and September 2026. (Photo by Rodrigo ARANGUA / AFP via Getty Images)

People wait outside the offices of AFP Capital, a private pension fund administrator, in Santiago on October 26, 2026. Chilean pension fund administrators (AFPs) have reported multi-billion-dollar losses, primarily linked to interest rate swap operations in Fund E, affecting more than 760,000 contributors, including over 69,000 people aged 60 and older. Fund E, the most conservative of the five funds available in the system, was hit the hardest falling by an average of 10.4% between January and September 2026. (Photo by Rodrigo ARANGUA / AFP via Getty Images)

Russia's President Vladimir Putin (L) and Central African Republic's President Faustin Archange Touadera (R) arrive for their talks on the sidelines of the Russia-Africa summit in Moscow on October 30, 2026. (Photo by Anastasia Barashkova / POOL / AFP via Getty Images)