Basic Statistics of Chile (2008 Unless Noted Otherwise) 
Executive summary 
Assessment and recommendations 
Chapter 1. Overcoming the crisis
-The crisis hit Chile mainly through a strong terms of trade shock
-Monetary authorities faced complicated decisions
-Vigorous monetary policy easing throughout 2009 was well justified
-The fiscal stimulus was bold, timely and well-targeted
-The recovery is expected to be relatively fast, but there are risks to the short-term outlook
-The effect of the crisis on potential ouput has consequences for the timing of the stimulus withdrawal
-The withdrawal of the macroeconomic stimulus should be gradual
-Measures to avoid a credit crunch are welcome but supervision should remain prudent
-Weaknesses in financial market regulation need to be addressed
-Persistent unemployment remains a risk, as after the Asian crisis
-Annex 1.A1. Progress in structural reform
Chapter 2. Fiscal policies for enhanced resilience and equity
-Further increasing Chile''s resilience against shocks
-Making protection against unemployment more efficient and effective
-Strengthening tax revenues for targeted social spending
Chapter 3. Need for speed: Boosting productivity growth by strengthening competition, entrepreneurship and innovation
-Background on recent productivity developments
-Policies to enhance product market competition
-Policies to foster entrepreneurship and business innovation
-Concluding remarks
-Annex 3.A1. Ten main export products
Chapter 4. Climbing on giants’ shoulders: Better schools for all Chilean children
-Educational attainment hasa increased fast but quality is still lagging behind
-Improving teacher quality would raise education outcomes for all students
-School competition has been insufficient to reach the desired quality improvements
-The functioning of competition could be improved, but more state intervention is needed as well
-Equity issues need to be addressed