Chile: Staff Report for the 2000 Article IV Consultation

International Monetary Fund

No 2000/094, IMF Staff Country Reports from International Monetary Fund

Abstract: Chile's overall economic performance during 1990–97 was very strong. By early 1998, Chile faced the difficult combination of a widening external current account deficit and a slowdown of capital inflows. The authorities scaled back expenditure plans and tightened monetary policy strongly to prevent a large depreciation of the currency. Executive Directors welcomed the new three-pillar framework for policies consisting of conservative, rules-based fiscal and monetary policies, greater emphasis on sound supervisory and regulatory frameworks, as well as new social policies.

Keywords: ISCR; CR; monetary policy; staff appraisal; central government balance; staffs presentation; staff's projection; central government account; Inflation; Current account deficits; Public sector; Metal prices; Global (search for similar items in EconPapers)
Pages: 59
Date: 2000-08-09
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