Water resources management in Chile

Water Resources Management (WRM) in Chile is widely known for its 1981 Water Code—written after General Augusto Pinochet took control through a military coup d'état. Free-market mechanisms became the economic philosophy in WRM, including the development of water markets and tradable water permits. A major reform to the 1981 Water Code was signed in 2005 to address social equity and environmental protection concerns. Water resources management in Chile is shared among the private sector which pro…