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Chile kickstarts new procurement funding system

13 September 2019
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On 10 September Chile's president, Sebastian Piñera, signed and brought into force a new law replacing the older Copper Law system for funding military procurement.

A set of rules designed to clarify and guide the application of the law will be issued by the middle of October, Defence Minister Alberto Espina noted.

The new system, which will provide funding for hardware procurement within the yearly National Budget according to pluriannual planning set for 12-year cycles divided into periods of four years, will see the Copper Law replaced within a transition period of 10 years, starting in 2020 and ending in 2029.

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