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 Economic and Social Stabilization Fund ⓘ
FEES ⓘ
beneficiary Republic of Chile ⓘ
linked to: Chile
category Chilean sovereign wealth funds ⓘ
country Chile ⓘ
currency United States dollar ⓘ
linked to: US dollar
establishedBy Chilean central government ⓘ
linked to: Government of Chile
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 (5)

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 → Economic and Social Stabilization Fund ⓘ
linked to: Fondo de Estabilización Económica y Social
FEES → fullName → Fondo de Estabilización Económica y Social ⓘ
FEES → fullNameEnglish → Economic and Social Stabilization Fund ⓘ
linked to: Fondo de Estabilización Económica y Social
Fondo de Reserva de Pensiones → relatedTo → Fondo de Estabilización Económica y Social ⓘ