Chile's Fiscal Rule Boosts Stability and Credibility, Sets Global Example.
The article discusses how Chile uses fiscal policies to manage its finances, especially as a country that exports commodities like minerals. Chile has a rule in place since 2001 that helps balance its budget during economic ups and downs. This rule has helped Chile keep its finances stable and credible, and also maintain stability in its economy. However, there are some areas where the rule could be improved. The article suggests some changes to make the rule more effective. Overall, the experience of Chile shows that having clear fiscal policies can help countries with commodity exports manage their finances better.