Chile: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile
IMF Staff Country Reports, July 23, 2008
Source details
- Canonical URL
- Chile: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile
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Bibliographic details
- Published: July 23, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807684.002
Overview and Main Findings
- The Chilean economy "has proved resilient in the face of strong economic and financial headwinds during the past year."
- Rising world prices for energy and food have been exacerbated by drought and a tight domestic energy situation.
- The government "continues to move forward with a bold structural agenda."
Macroeconomic and Price Developments
- External price pressures: rising world prices for energy and food.
- Domestic supply constraints: drought and a tight domestic energy situation contributing to price pressures.
- Subject areas highlighted: Banking, Exchange rates, External debt, Foreign exchange, Inflation, Metal prices, Oil prices, Prices.
Financial Sector Assessment and Initiatives
- Authorities plan initiatives aimed at:
- Enhancing market access for small and medium-sized enterprises.
- Increasing market depth.
- Boosting the internationalization of the peso.
- Keywords emphasizing focus areas: Exchange rates, inflation expectation, ISCR, labor market, monetary policy, staff appraisal, staff forecast.
Policy Implications and Structural Agenda
- Continued implementation of the government's "bold structural agenda" is emphasized as a priority amid external and domestic headwinds.
- Financial-sector initiatives are positioned to support broader structural objectives by facilitating SME access, deepening markets, and promoting peso internationalization.
Key Publication Metadata and Access
- Pages: 36
- Volume: 2008
- Issue: 240
- Series: Country Report No. 2008/240
- DOI: https://doi.org/10.5089/9781451807684.002
- Stock No: 1CHLEA2008002
- ISBN: 9781451807684
- ISSN: 1934-7685
International Monetary Fund. "Chile: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile" (July 23, 2008).