Washington, DC:
An International Monetary Fund (IMF) mission, led by
Ana Corbacho,
met (virtually) with the Chilean authorities during November 15–19 to
discuss recent economic developments, policies, and priorities for the
country.
The mission engaged with senior officials, analysts, and business
representatives. At the conclusion of the visit, Ms. Corbacho issued
the following statement:
“It was a pleasure to meet (virtually) Minister Cerda, Governor Marcel,
Chairman Cortez, and their teams. The visit was a great opportunity to
share views on the economic outlook and the policy priorities for Chile in
the period ahead.”
“The economy is quickly recovering from the Covid-19 pandemic. Growth
rebounded strongly, jobs are being created in many sectors, and nearly 85
percent of the total population has been fully vaccinated.”
“The authorities’ economic policy response comprised a wide-range of
monetary, financial, and fiscal measures that helped mitigate the fallout
of the Covid-19 shock. In light of strong growth and the rise of
inflationary pressures, the removal of macroeconomic stimulus being
implemented by the authorities is appropriate and should be accompanied by
targeted support to the most vulnerable.”
“The IMF team thanks the authorities for the engaging discussions and very
much looks forward to continuing the cooperation with Chile in the period
ahead.”