Chilean Privatisation Program

The Chilean Privatisation Program, initiated in the 1970s and 1980s, involved transferring state-owned companies and services to private ownership to boost efficiency, competition, and economic growth. The government sold or leased many sectors like telecommunications, utilities, and banks, reducing public control. This market-oriented approach aimed to foster private investment, lower public debt, and improve service quality. While it contributed to economic expansion, it also sparked debates about inequality and public participation. Overall, the program marked a significant shift toward neoliberal policies, influencing Chile’s modern economic landscape.