Chile : Review Under the Flexible Credit Line Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Chile.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Western Hemisphere Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2025/247

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (48 pages)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2025.

Summary:

This paper presents Chile’s review under the Flexible Credit Line (FCL) Arrangement. The economy is broadly balanced and growing at its potential, supported by a pickup in mining exports and a recovery in consumption. Chile continues to qualify for the FCL by virtue of its very strong economic fundamentals and institutional policy frameworks, and sustained track record of strong macroeconomic policies. External risks have increased since the approval of the FCL arrangement in August 2024. In the context of the still elevated external risks, the authorities expressed a desire to maintain the current level of access and are committed to gradually lowering access conditional on external risk developments. The authorities intend to continue to treat the FCL as precautionary and gradually exit conditional on external risk developments. In a drawing scenario, the FCL would not be used for budget financing, consistent with Chile’s institutional framework.

Notes:

Description based on print version record.

ISBN:

9798229021012