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Chile: Staff Report for the 2004 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2004: Issue 291
Language:
English
Publication Date:
13 Sep 2004
DOI:
https://doi.org/10.5089/9781451807578.002
ISBN:
9781451807578
ISSN:
1934-7685
Pages:
58
Keywords:
ISCR; CR; central bank; fiscal policy; monetary policy; price; debt management strategy; target band; countercyclical monetary policy; II initiative; inflation target range; leadership role; Exports; Fiscal stance; Inflation; Global
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This 2004 Article IV Consultation highlights that over the past two decades, Chile has adhered to a sound and consistent policy framework. During 2000–03, the actual overall balance of the central government registered a deficit of just below 1 percent of GDP. Since the beginning of 2004, economic activity has picked up, in the context of a favorable external environment. The global economic recovery has helped boost export demand, particularly copper, the price of which has nearly doubled since end-2002.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund