Chile's fiscal prudence has allowed the government to implement a powerful stimulus package in an attempt to mitigate the effects of the economic crisis. The government and central bank continue to work together to optimize the use of dollars from the country's Social Stabilization Fund. In 2010, Moody's raised Chile's foreign debt rating to Aa3 from A1, which positions Chile as the only Latin American country rated at that level or its equivalence with a stable outlook. Moody’s cited that the upgrade was due to years of solid macroeconomic policies, including a structural fiscal surplus rule meant to smooth government revenues and expenditures.
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Jun 16, 2009
Chile: Government to continue selling dollars; CB to neutralise issuance. CB cut rates by a further 50bps to 0.75%.
May 22, 2009
Chile: New Fiscal Package Lowers Inflation Estimate
Mar 23, 2009
Chile’s Foreign Debt Rating Raised to A1 by Moody’s
Dani Rodrik's weblog
Apr 24, 2009
Chile: When textbook macro pays off
Mar 20, 2009
Chile. The peso will likely appreciate nearer USD/CLP570
Jan 12, 2009
Chile: Bring On the Stimulus!
Jan 06, 2009
Bachelet to Spark Growth in Chile With Spending, Budget Deficit
Morgan Stanley Global Economic Forum
Nov 25, 2008
Chile: Time to Shine
Chile Ministry of Finance
Nov 11, 2008
Chilean Government announces US$1.15 billion allocation to boost home purchases and finance small businesses