FEES
E616459
FEES is Chile’s sovereign wealth fund designed to stabilize the country’s public finances by saving and investing surplus fiscal revenues, particularly from copper exports.
Statements (34)
| Predicate | Object |
|---|---|
| instanceOf |
public financial stabilization mechanism
ⓘ
sovereign wealth fund ⓘ |
| abbreviation | FEES ⓘ |
| assetType |
fixed-income securities
ⓘ
international financial assets ⓘ |
| beneficiary |
Chilean state
NERFINISHED
ⓘ
Chilean taxpayers ⓘ |
| category |
public finance of Chile
ⓘ
sovereign wealth funds of the Americas ⓘ |
| country | Chile ⓘ |
| currency | foreign currencies ⓘ |
| establishedBy | Chilean fiscal responsibility legislation ⓘ |
| fullName | Fondo de Estabilización Económica y Social NERFINISHED ⓘ |
| fullNameEnglish | Economic and Social Stabilization Fund NERFINISHED ⓘ |
| function |
buffer against external shocks
ⓘ
smooth public spending over the economic cycle ⓘ support macroeconomic stability ⓘ |
| fundingSource |
copper export revenues
ⓘ
fiscal surpluses ⓘ |
| governance | rules-based fiscal framework ⓘ |
| investmentHorizon | medium term ⓘ |
| investmentObjective | liquidity for fiscal stabilization ⓘ |
| jurisdiction | Republic of Chile NERFINISHED ⓘ |
| managedBy | Ministry of Finance of Chile NERFINISHED ⓘ |
| owner | Government of Chile NERFINISHED ⓘ |
| policyRole | support fiscal sustainability in Chile ⓘ |
| policyType | countercyclical fiscal policy instrument ⓘ |
| purpose |
invest surplus fiscal revenues
ⓘ
save surplus fiscal revenues ⓘ stabilize Chile’s public finances ⓘ |
| relatedTo |
Chile’s copper revenue management
ⓘ
Chile’s fiscal responsibility framework ⓘ |
| riskObjective | capital preservation ⓘ |
| sectorExposure | copper ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.