Chile's Financial Market Commission (CMF) announced it was recognised as a “Model Institution” after scoring 83.1 points in the sixth edition of the Public Innovation Index conducted by the Government Laboratory and the Inter-American Development Bank, based on a joint measurement from June 2024 to May 2025. The score was 13.9 points higher than the 2024 measurement, reflecting gains across all assessed dimensions. Institutional Resources scored 18 out of 20, supported in part by the Human Talent variable, with 29 staff dedicated to innovation-related functions and increased training. Practices and Procedures scored 34.2 out of 40, driven by more robust initiative-cycle methodologies and the adoption of structured processes to measure innovation performance and effectiveness. Cooperation and Openness scored 30.9 out of 40, supported by greater active user participation in co-creation and expanded collaboration with other public agencies, academia, and the private sector. The “Model Institution” seal reflects the Index’s assessment that innovation is institutionalised within the CMF, aligned with a digital strategy, supported by senior management, and managed under clear governance with participation from civil servants, users, and external contributors.
Chile Financial Market Commission 2025-12-30
Chile's Financial Market Commission scores 83.1 points and is rated a Model Institution in the Public Innovation Index
Chile's Financial Market Commission (CMF) was recognized as a "Model Institution" after scoring 83.1 points in the Public Innovation Index, a 13.9-point improvement from the previous year. This reflects advancements in resources, practices, procedures, cooperation, and openness, highlighting innovation institutionalization within the CMF. The recognition underscores CMF's alignment with a digital strategy and robust governance involving civil servants, users, and external contributors.