Fondo de Estabilización Económica y Social

E153707

Fondo de Estabilización Económica y Social is Chile’s sovereign stabilization fund designed to save and manage fiscal surpluses to cushion the economy against external shocks and revenue volatility.

All labels observed (2)

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf sovereign wealth fund
stabilization fund
administeredBy Ministry of Finance of Chile
alsoKnownAs Fondo de Estabilización Económica y Social
surface form: Economic and Social Stabilization Fund

FEES
beneficiary Chile
surface form: Republic of Chile
category Chilean sovereign wealth funds
country Chile
currency US dollar
surface form: United States dollar
establishedBy Government of Chile
surface form: Chilean central government
fundingSource extraordinary revenues from natural resources
structural fiscal surpluses
geographicScope national
governancePrinciple prudential investment guidelines
transparency in reporting and management
hasBeneficiarySector economic stabilization
social spending protection
hasLanguageOfOfficialDocuments Spanish
investmentHorizon short to medium term
investmentObjective capital preservation
high liquidity
low risk
investsIn high-quality fixed-income instruments
money market instruments
sovereign bonds
legalFramework Fiscal Responsibility Law of Chile
manages fiscal surpluses from the central government of Chile
owner Government of Chile
policyFramework structural balance fiscal rule of Chile
policyRole buffer against commodity price fluctuations
support for budget financing in downturns
tool for macroeconomic stabilization
predecessor Fondo de Compensación del Cobre
purpose mitigate volatility of fiscal revenues
save fiscal surpluses
stabilize public finances against external shocks
support countercyclical fiscal policy
region Latin America
relatedConcept countercyclical fiscal policy
sovereign wealth fund management best practices
relatedTo Fondo de Reserva de Pensiones
riskManagementGoal reduce exposure of the budget to copper price volatility
sector public finance
typeOfOwner public sector
useOfFunds cover temporary fiscal deficits
reduce need for procyclical fiscal adjustments

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Ministry of Finance of Chile oversees Fondo de Estabilización Económica y Social
Fondo de Estabilización Económica y Social alsoKnownAs Fondo de Estabilización Económica y Social
this entity surface form: Economic and Social Stabilization Fund