## Chile: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile

_IMF Staff Country Reports, September 9, 2009_

## Source details

**Canonical URL:** [Chile: 2009 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile](https://www.imf.org/en/publications/cr/issues/2016/12/31/chile-2009-article-iv-consultation-staff-report-staff-statement-and-supplement-public-23262)

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## Bibliographic details
- Published: September 9, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807691.002

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### Overview
- Publication date: September 9, 2009
- Core message: The Chilean economy proved resilient in the face of the global financial crisis.
- Policy response characterization: sizable, well balanced, and coordinated.
- Executive Directors' appraisal: commended the Chilean authorities for a sound policy framework and endorsed the Central Bank of Chile’s decision to implement alternative means of monetary easing to support activity and a return of inflation to the target.

### Key Findings and Assessments
- Resilience:
  - The Chilean economy has proved resilient in the face of the global financial crisis.
- Policy response:
  - The policy response to the crisis has been sizable, well balanced, and coordinated.
- Institutional strengths:
  - Sound policy framework underpinned by an inflation target regime, a structural budget rule, and a flexible exchange rate regime.
- Monetary policy:
  - Directors endorsed the Central Bank of Chile’s decision to implement alternative means of monetary easing to support activity and a return of inflation to the target.

### Subject Coverage and Keywords
- Subject areas: Banking, Central bank policy rate, Credit, External debt, Financial services, Fiscal policy, Money, Public debt
- Keywords: BCCh, Central bank policy rate, central bank recapitalization, CR, Credit, Global, ISCR, liability positions vis-à-vis nonresident, policy, policy meeting, rate, staff appraisal, superintendency of bank

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/chile-2009-article-iv-consultation-staff-report-staff-statement-and-supplement-public-23262_