Chile; 2003 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Chile

Chile has successfully resisted contagion from neighboring countries difficulties. Chile's inflation targeting framework has successfully anchored inflation expectations and increased the economy's resilience to external shocks while maintaining price stability. The floating exchange rate regime is an essential part of the macroeconomic policy framework and continues to serve Chile well. The interest in recapitalizing the central bank is welcomed. Executive Directors commend Chile for the transparency of monetary and fiscal policies. Chile faces the essential task of returning to sustained economic growth and relatively low unemployment.

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Year of publication:	2003-09-26
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Article IV consultations \| central bank \| inflation \| external debt \| monetary policy \| current account \| government debt \| balance of payments \| external financing \| official reserves \| public debt \| public sector debt \| monetary fund \| debt sustainability \| current account deficit \| domestic debt \| monetary stance \| total external debt \| short-term debt \| debt stock \| debt ratio \| debt service \| private debt \| money laundering \| debt statistics \| bilateral agreements \| external shocks \| net debt \| debt dynamics \| domestic currency \| debt report \| debt service payments \| current account balance \| repurchases \| external debt sustainability \| amortization payments \| public finances \| long-term debt \| external public debt \| budget balance \| debt ratios \| debt outstanding \| imf ? ? ? ? ? ? ? ? ? credit outstanding \| debt service ? ? ? ? projections \| long-term loans \| reserve assets \| monetary sectors \| reserve tranche \| monetary policy independence \| budget expenditure \| public enterprise debt \| debt management policy \| general resources account \| debt management \| monetary accounts \| imf repurchases \| currency debt \| liquid reserves \| public sector management \| monetary statistics \| private financial institutions \| debt sustainability analysis \| external debt financing \| private creditors \| government deficit \| external liabilities \| commercial bank loans \| sovereign bond \| public debt management \| external debt statistics \| imf credit outstanding \| currency composition

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/303 6 pages long
Source:	RePEc - Research Papers in Economics

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