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.
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]
