Chile moves to cut bureaucratic bottlenecks for investment projects

Chile's sweeping economic reform seeks to shorten the time required for investment projects to obtain state authorizations. The legislation targets the existing system of roughly 380 permits spread across 37 public agencies, which experts say creates a major bottleneck.

A key change is the shift from sequential to parallel processing of permits, allowing companies to pursue multiple approvals simultaneously while preserving regulatory safeguards. The reform also highlights the Council of National Monuments as a specific area where delays have been common, proposing faster procedures without compromising legal protections.