Chile's President Michelle Bachelet called for a deep reform of water rights and regulations as the country faces a severe drought and over-utilization of certain basins.
Bachelet's announcement – made in her first report to congress since taking office in March – follows a filing by a group of senators last month of a water nationalization project .
"It's not only a question of water scarcity, deepened by a large drought, but also of an over-exploitation of water basins and a misuse of water rights," Bachelet said.
Know-how: Strategic Asset Management
