# Chilean Prodemu financial crisis > Live situation record from CLSTR: https://clstr.news/situations/chilean-prodemu-financial-crisis > Updated: 2026-09-03T18:00:00.000Z. Sources: 4. Developments: 2. The Foundation for the Promotion and Development of Women (Prodemu) in Chile is facing a severe financial crisis that threatens its ability to operate beyond 2026. Reports indicate that current capital may only cover salaries until October 2026. There are conflicting reports regarding the scale of the deficit. While some internal sources suggest debt exceeds $2.6 billion pesos, the Ministry of Women and Gender Equality reported an inherited deficit of over $2,000 million pesos, which could potentially reach $3,000 million pesos. Minister Judith Marín attributed the crisis to mismanagement by the previous administration, citing poor execution and union agreements that increased spending. The Ministry claims it has already reduced the deficit by approximately $1,300 million pesos. Local social leaders and rural women's organizations, particularly in regions such as Chiloé, have expressed concern that the institution's debt could lead to the loss of essential training and support services for women in rural territories. ## Timeline ### 2026-09-03: Prodemu faces potential closure amid $2,000 million deficit Chile's Prodemu foundation faces a potential closure due to a deficit exceeding $2,000 million, sparking concern among rural women's organizations regarding the loss of essential support programs. 2 sources. https://clstr.news/cluster/prodemu-faces-potential-closure-amid-2000-million-deficit ### 2026-09-01: Prodemu faces potential closure due to financial crisis Chile's Prodemu foundation faces potential closure by late 2026 due to a multi-billion peso deficit, threatening decades of support programs for women across the country. 2 sources. https://clstr.news/cluster/prodemu-faces-potential-closure-due-to-financial-crisis --- Cite as: Chilean Prodemu financial crisis. CLSTR, https://clstr.news/situations/chilean-prodemu-financial-crisis