online.wsj.com - 5/27/2009
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Associated Press Finance Minister Andr s Velasco built Chile's rainy-day fund.
faustasblog.com - 5/27/2009
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faustasblog.com —
Andrés Velasco may well have saved his country’s
democracy, not just its finances. Who is Andrés Velasco,...
you may be asking? He’s Chile’s Finance Minister: Prudent Chile Thrives Amid Downturn During the emerging economies’ commodities boom a few years back, ...
(more)
Andres Velasco’s plan: Save for a rainy day
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What Norway & Chile Can Teach America
Real Clear Politics - TIME.com —
... how Norway took the proceeds from its oil business and plowed it into savings. As the global economy contracted last year, Norway enjoyed economic growth of just under 3 percent. This year, they're running an 11 percent budget surplus and have one of the largest sovereign wealth funds in the world. Today, the Wall Street Journal takes note of how Chile did much the same thing with their copper wealth. Holding out against intense protests, Chile's finance minister Andrés Velasco built a multi-billion dollar "rainy day fund" which has been used to stabilize the Chilean economy ...
Andres Velasco’s plan: Save for a rainy day
Fausta's Blog —
Andrés Velasco may well have saved his country’s democracy, not just its finances.
Who is Andrés Velasco, you may be asking? He’s Chile’s Finance Minister:
Prudent Chile Thrives Amid Downturn
During the emerging economies’ commodities boom a few years back, Chilean Finance Minister Andrés Velasco was a wet blanket at the fiesta. Chile, the world’s largest copper producer, was reaping a bonanza from the quadrupling in the metal’s price. Mr. Velasco insisted on squirreling away a large chunk in a ...
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