Chile: Central Bank Transparency Code Review
IMF Staff Country Reports, June 16, 2021
Source details
- Canonical URL
- Chile: Central Bank Transparency Code Review
Other formats
Bibliographic details
- Published: June 16, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513573229.002
Summary
- The Central Bank of Chile (CBC) has implemented broadly advanced transparency practices.
- The CBC's transparency reflects a strong public commitment that is anchored in the law and designated by the CBC as a strategic objective to fulfill its mandate.
- This transparency policy has earned the CBC the broad trust of its stakeholders.
- The policy has paid significant dividends for the CBC in terms of safeguarding its autonomy and ensuring its policy effectiveness.
Key findings
- CBC transparency practices are described as "broadly advanced."
- Legal anchoring and institutional designation of transparency as a strategic objective underpin the CBC's practices.
- Broad stakeholder trust is a direct outcome of the CBC's transparency policy.
- Safeguarding of central bank autonomy and enhancement of policy effectiveness are identified benefits of the transparency approach.
Subject areas and keywords
- Subject: Central banks, Financial sector policy and analysis, Financial sector stability, Financial statements, Foreign exchange, International organization, International reserves, Macroprudential policy, Monetary policy, Public financial management (PFM), Reserves management
- Keywords: CBC website, code review, Financial sector stability, Financial statements, Global, IMF central bank Transparency code, IMF mission, International reserves, Macroprudential policy, official relation, Reserves management
Content in this bundle
- Chile: Central Bank Transparency Code Review; IMF Country Report No. 21/113; June 7, 2021