Chile: Staff Report for the 2000 Article IV Consultation

August 9, 2000

Summary

Chile's overall economic performance during 1990–97 was very strong. By early 1998, Chile faced the difficult combination of a widening external current account deficit and a slowdown of capital inflows. The authorities scaled back expenditure plans and tightened monetary policy strongly to prevent a large depreciation of the currency. Executive Directors welcomed the new three-pillar framework for policies consisting of conservative, rules-based fiscal and monetary policies, greater emphasis on sound supervisory and regulatory frameworks, as well as new social policies.

Subject: Balance of payments, Banking, Current account deficits, Economic sectors, External debt, Inflation, Metal prices, Prices, Public sector

Keywords: central government account, central government balance, CR, Current account deficits, Global, Inflation, ISCR, Metal prices, monetary policy, Public sector, staff appraisal, staff's projection, staffs presentation

Pages:
59
Volume:
2000
DOI:
https://doi.org/10.5089/9781451807486.002
Issue:
094
Series:
Country Report No. 2000/094
Stock No:
1CHLEA0012000
ISBN:
9781451807486
ISSN:
1934-7685

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Notes

Included with the Staff Report are the text of Public Information Notice No. 00/56 and a statement by the authorities of Chile on August 9, 2000.

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