Water resources management in Chile, Torres del Paine National Park

Water Resources Management 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 provides investment for infrastructure and distribution, and agencies provide regulatory oversight, maintain records, and issue water rights. Chile is negotiating formalized agreements with both Bolivia and Argentina to manage shared resources and water storage projects. Chile is also supported in rural water supply with $150 million in loans by the World Bank and the Inter-American Development Bank. ()