Chile: 2013 Article IV Consultation

July 8, 2013

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Chile: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed September 20, 2024

Summary

The staff reports for the 2013 Article IV Consultation on the Chile discuss the strong and inclusive growth over the medium term. Technocratic, rules-based, and transparent policy management; monetary policy under a floating exchange rate undertaken by a credible central bank; and prudent fiscal policy, since 2001 under a near-legendary fiscal rule, has enhanced policy clarity, reinforced Chile’s resilience to shocks, and allowed for vigorous policy responses when needed, as after the global financial crisis and the earthquake. The widening current account deficit and the increased reliance on debt financing have increased balance of payments stability risks and Chile’s exposure to sudden stops.

Subject: Balance of payments, Banking, Credit, Current account deficits, External debt, Metal prices, Money, Mortgages, Prices, Public debt

Keywords: Ballooning current account deficit, Budgetary funds, Capital investment, Copper price, CR, Credit, Current account, Current account deficits, Fiscal policy, Foreign direct investment, Global, Holding, ISCR, Liability positions vis-à-vis nonresident, Metal prices, SDR Department, Widening current account deficit

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/198
Stock No:

1CHLEA2013001
ISBN:

9781475549836
ISSN:

1934-7685

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