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Why Chile?

 

In a world of constant change, Chile is a beacon of economic and institutional stability:

  • Chile is at the forefront of Latin America and ranks alongside the most advanced economies in the world.
  • The economy has one of the world’s most business-friendly environments and has attracted a large number of well-known multinational and foreign investors with its open and competitive economy.
  • The economic framework includes an independent Central Bank, whose monetary policy is carried out based on an inflation-targeting regime, coupled with a free-floating exchange rate
  • A solid banking system, based on a sound regulatory framework, also helps to reduce domestic economic volatility.
  • Chile is one of the most open and integrated economies in the world, with trade agreements with more than 50 economies.
  • Chile has also made remarkable progress reducing poverty: since 1990 it has slashed its poverty rate to 13% from over 40% in the early 90s. 
  • Reflecting these institutional strengths, Chile became the first South American country to become a member of the OECD.
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