The Production Development Corporation (CORFO, from es, Corporación de Fomento de la Producción de Chile) is a

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...

an governmental organization that was founded in 1939 by President

Pedro Aguirre Cerda Pedro Abelino Aguirre Cerda (; February 6, 1879 – November 25, 1941) was a Chilean political figure, educator, and lawyer who served as the 22nd president of Chile from 1938 until his death in 1941. A member of the Radical Party since 1906, ...

to promote economic growth in Chile. Originally, CORFO was responsible for the creation of basic industries during the

Presidential Republic Era President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

, namely oil, power, steel, sugar, transportation among many others (see

Economy of Chile The Economy of Chile is a market economy and high-income economy as ranked by the World Bank. The country is considered one of South America's most prosperous nations, leading the region in competitiveness, income per capita, globalization, eco ...

). 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 In economics, competition is a scenario where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm ...

for domestic companies. CORFO’s main areas are Quality and Productivity, Innovation and Investment Promotion.

References

External links

CORFO website
{{DEFAULTSORT:Corfo Government agencies of Chile Economic history of Chile 1939 establishments in Chile Presidential Republic (1925–1973)