CORFO

Production Development Corporation
Corporación de Fomento de la Producción
Agency overview
Formed1939
HeadquartersMoneda 921
Santiago
WebsiteOfficial website (in Spanish)

The Production Development Corporation (CORFO, from Spanish: Corporación de Fomento de la Producción de Chile) is a Chilean governmental organization that was founded in 1939[1] by President Pedro Aguirre Cerda to promote economic growth in Chile.

Originally, CORFO was responsible for the creation of basic industries during the Presidential Republic Era, namely oil, power, steel, sugar, transportation among many others (see Economy of Chile).

CORFO oversees a variety of programs aimed at generating the economic development of Chile, through the promotion of inward investment and the advocacy of competitiveness for domestic companies. CORFO's main areas are Quality and Productivity, Innovation and Investment Promotion.[citation needed]

References

  1. ^ Ministerio de Hacienda (29 April 1939). "Ley 6334 de 1939 del Ministerio de Hacienda". Retrieved 5 April 2011.

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