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The Political Economy of Natural Resource FundsChile: A Successful Story in Latin America?

The Political Economy of Natural Resource Funds: Chile: A Successful Story in Latin America? [Chile is one of the few countries from Latin America and the Caribbean to have established Sovereign Wealth Funds. Two have been established to date: the Pension Reserve Fund (PRF) in December 2006, and the Economic and Social Stabilization Fund (ESSF) in March 2007, both under the administration of the Central Bank of Chile by delegation of the Minister of Finance. This chapter retraces their processes of creation, highlighting the key actors involved, and then focuses on the domestic debates surrounding their potential use, such as during the 2008–2009 crisis. Finally, it assesses whether Chile can be considered as a “successful case” in the region.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Political Economy of Natural Resource FundsChile: A Successful Story in Latin America?

Part of the International Political Economy Series Book Series
Editors: Okpanachi, Eyene; Chowdhari Tremblay, Reeta
Yi-chong, Xu; Leiva, Diego
The Political Economy of Natural Resource Funds — Aug 14, 2021
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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
ISBN
978-3-030-78250-4
Pages
87 –115
DOI
10.1007/978-3-030-78251-1_5
Publisher site
See Chapter on Publisher Site

Abstract

[Chile is one of the few countries from Latin America and the Caribbean to have established Sovereign Wealth Funds. Two have been established to date: the Pension Reserve Fund (PRF) in December 2006, and the Economic and Social Stabilization Fund (ESSF) in March 2007, both under the administration of the Central Bank of Chile by delegation of the Minister of Finance. This chapter retraces their processes of creation, highlighting the key actors involved, and then focuses on the domestic debates surrounding their potential use, such as during the 2008–2009 crisis. Finally, it assesses whether Chile can be considered as a “successful case” in the region.]

Published: Aug 14, 2021

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