The Production Development Corporation (CORFO, from ) is a

Chile Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...

an governmental organization that was founded in 1939 by President Pedro Aguirre Cerda to promote

economic growth In economics, economic growth is an increase in the quantity and quality of the economic goods and Service (economics), services that a society Production (economics), produces. It can be measured as the increase in the inflation-adjusted Outp ...

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 The economy of Chile operates as a market economy and is classified as a World Bank high-income economy, high-income economy by the World Bank. It is recognized as one of the most prosperous countries in South America, leading the region in area ...

). 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.

References

External links

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