Michele Bachelet is set to become Chile’s first woman president. The centre-left candidate led from the front during the election vote. Her main rival was the Chilean billionare, Sebastian Pinera, a main shareholder in one of Chile’s biggest airline companies.He conceded defeat to Bachelet in a speech: “I congragulate Michele Bachelet for her victory today in our country. I congragulate her, not only on being the first woman president this country has had, but also for the reason that, because of her, millions of women will find that they have a voice.” This is the fourth presidential election in the country since 1990, when 17 years of military rule came to an end. It comes at a time when Chile is enjoying relative economic prosperity and stability, thanks to record high prices for one of its major exports, copper.