Chile: 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile

September 29, 2010

Preview Citation

Format: Chicago

Chile: 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile, (USA: International Monetary Fund, 2010) accessed December 22, 2024

Summary

Chile’s economy has withstood successfully two consecutive large negative shocks—the global financial crisis and the February 2010 earthquake. The financial system has weathered the crisis well and the cyclical deterioration of credit quality has been moderate. Large-scale private and public reconstruction spending should continue to boost growth. The authorities’ intentions to enhance the supervision of the financial sector, including the planned move toward consolidated supervision of financial conglomerates, are encouraged. The prudential framework is strengthened by adopting a functional approach to regulation and supervision.

Subject: Banking, Expenditure, External debt, Fiscal policy, Fiscal rules, Fiscal stance, Public debt

Keywords: Banking system, BCC authorities, Central government, Chile's economy, Codelco revenue, CR, Debt, Exchange rate, Fiscal stance, Global, Government, Government apparatus, Government program, ISCR, Mining royalty regime, Output gap, Real GDP

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/298
Stock No:

1CHLEA2010001
ISBN:

9781455208371
ISSN:

1934-7685

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