Chile : Staff Report for the 2000 Article IV Consultation

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.
Publication date: August 2000
ISBN: 9781451807486
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central bank , current account , exchange rate , public sector , external debt

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