Chile's credit profile is bolstered by strong institutions and prudent macroeconomic and fiscal policymaking. Chile is an export-driven economy valued at over USD 300 billion, with mining products accounting for 50% of its total exports. Compared to other Latin American countries, Chile is relatively wealthy, with a per capita GDP of USD 24431 in 2023 (constant prices, purchasing power parity basis), and it ranks highest in the Latin American region on the global competitiveness index. Although Chile's fiscal situation has recently weakened, its debt levels are still manageable, with fiscal reserves like the Economic and Social Stabilization Fund offering extra security. Monitoring the progress of the proposed structural reforms, which seek to increase government revenue and enhance productivity, is crucial. Additionally, resolving the political deadlock over constitutional reforms would be a positive step forward.