CENTRAL INTELLIGENCE BULLETIN
Document Type:
Collection:
Document Number (FOIA) /ESDN (CREST):
CIA-RDP79T00975A019400090002-6
Release Decision:
RIPPUB
Original Classification:
T
Document Page Count:
6
Document Creation Date:
December 14, 2016
Document Release Date:
June 10, 2003
Sequence Number:
2
Case Number:
Publication Date:
July 3, 1971
Content Type:
REPORT
File:
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Body:
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DIRECTORATE OF
INTELLIGENCE
Central Intelligence Bulletin
State Dept. review completed
Top Secret
C
3 Jul 171
79T00975A019400090002-6
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3 July 1971
Central Intelligence Bulletin
CONTENTS
CHILE: The Central Bank's recommendation for an
austerity program. (Page 1)
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CHILE: The Central Bank's recommendation for
an austerity program probably will not be adopted by
the Allende government.
The bank warned in mid-May that foreign exchange
reserves may be exhausted by the end'of the year,
It recommended
that the regime stop deficit spending, raise prices
charged by nationalized enterprises, reassure private
investors, devalue the escudo to stimulate exports
and reduce imports, and let prices for luxury goods
rise. The administration, however, intends for the
present to continue its expansionary policies,
take some remedial action before reserves are ex
Chile's consumer spending spree continues un-
abated and unemployment in Santiago dropped sharply
from eight to five percent between March and June
1971. Industrial production reportedly is approaching
capacity levels and will be hard pressed to meet de-
mand. As a result, prices are beginning to rise more
rapidly despite strict controls and increased imports,
but inflation this year is likely to be less than
last year. The government's ability to control price
increases will depend upon future imports and the
expansion of production facilities.
3 Jul 71
The US Embassy believes that Aliencle will
Central Intelligence Bulletin
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Approved For Release 2003/08/08 : CIA-RDP79T00975AO19400090002-6