In mid-April 2026, the President of the Republic announced on national broadcast and formally submitted to Congress the bill known as “National Reconstruction”, the first major economic initiative of the current administration.

The proposal includes more than 40 measures aimed at restoring economic growth, improving the country’s competitiveness, strengthening formal employment, simplifying regulatory and permitting processes, and reinforcing fiscal discipline. Within this framework, the private sector is once again positioned as the main driver of the Chilean economy.

In the following report, our team reviews the key pillars of this initiative —with a particular focus on their implications for domestic and foreign companies and investors— and outlines the next steps in the legislative process, as well as the main challenges it may face.