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IPDAL releases OECD report on Chile

In the report ”Chile: Policy Priorities for Stronger and More Equitable Growth”, the OECD outlines some important recommendations for stronger and more equitable growth in the country.

Therefore, the OECD recommends:

  • Continue efforts to ensure that the administrative implementation of the 2014 tax reform enhances the transparency of its application in business;
  • Develop non-binding standards and guidelines to further improve the rule-making process, standardizing participation and systemic use of regulatory impact analysis;
  • Continue with the plan to grant the National Economic Prosecutor legal powers to carry out market studies and issue recommendations;
  • Strengthen policy innovation, namely the Productivity Agenda, facilitating industry and promoting public-private coordination to exploit natural wealth, complementing comparative advantages;
  • Strengthen and support school leadership, encouraging a favorable school climate;
  • Develop work-based training, education and vocational training programs;
  • Assess the balance between labor protection legislation and the availability of liabilities and labor markets;
  • Ensure compliance with the requirements of independent workers, particularly health plans;
  • Promote a decentralization process to support the transition to a more diversified regional/urban/rural policy approach;
  • Develop a framework to monitor and evaluate progress towards a sustainable growth strategy.

These are the general recommendations that the OECD makes to the Chilean economy. The OECD report details each of the recommendations above and explains how and why they should be followed. The report can be consulted here