The Polish Development Fund (PFR) ( pl, Polski Fundusz Rozwoju) is a state-owned financial group, headquartered in Warsaw, which offers instruments supporting the development of companies, local governments and individuals, and invests in sustainable social development and national economic growth.
Summary
The mission of the PFR as a Polish promotional financial institution is to implement programs enhancing the long-term investment and economic potential and supporting equal opportunities and environmental protection. PFR was established in April 2016 as part of the government’s Plan for Responsible Development drafted by Deputy Prime Minister, Minister of Economic Development and Finance
Mateusz Morawiecki
Mateusz Jakub Morawiecki (; born 20 June 1968) is a Polish economist, historian and politician who has served as prime minister of Poland since 2017. A member of Law and Justice (PiS), he previously served in the cabinet of prime minister Beata ...
. Paweł Borys has been the first President of the Management Board of PFR since 1 May 2016.
The PFR Group is a new entity which continues, in a new format, the tradition of Bank Gospodarstwa Krajowego, established in 1924 as a part of the reform program of Prime Minister Władysław Grabski. Most countries of the world have similar development institutions. The biggest development institutions in Europe which have similar operating standards to those of the PFR Group include the German KfW (Kreditanstalt für Wiederaufbau) group, the French CDC (Caisse des Dépôts et Consignation) group, the Italian CDP (Cassa Depositi e Prestiti) group, and the Hungarian MFB (Magyar Fejlesztési Bank) group.
Activity
The Polish Development Fund Group operates within the new architecture of Polish development institutions. Its coherent strategy and instrument platform integrate the Industrial Development Agency (Agencja Rozwoju Przemysłu, ARP),
Bank Gospodarstwa Krajowego
Bank Gospodarstwa Krajowego (BGK) is a Polish national development bank with headquarters in Warsaw, is a state-owned bank in Poland, operating under a dedicated bill of law. Its main tasks are: support and servicing of export transactions, iss ...
(BGK), Export Credit Insurance Corporation (Korporacja Ubezpieczeń Kredytów Eksportowych, KUKE),
Polish Investment and Trade Agency (Polska Agencja Inwestycji i Handlu), and the Polish Agency for Enterprise Development (Polska Agencja Rozwoju Przedsiębiorczości, PARP).
See also
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National Centre for Research and Development
The National Centre for Research and Development (NCRD, Polish: Narodowe Centrum Badań i Rozwoju) is an implementing agency in Poland, as it is understood according to the Act on Public Finance of 27 August 2009, established to carry out tasks w ...
References
External links
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{{Authority control
Investment promotion agencies
Government agencies established in 2016
2016 establishments in Poland