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08.25.08
» BNDES and the Chilean Corfo expand
technical cooperation
BNDES and Corporación de Fomento de la Producción (Corfo),
from the Chilean government, signed on Monday, 25, a
memorandum of understanding to expand technical cooperation.
The MOU outlines common tools for innovation support
policy-making; strengthening of micro, small and medium
sized businesses; and boost to Brazilian investments in
Chile and Chilean investments in Brazil.
In order to reach these goals, the memorandum aims at
promoting the exchange of information between these
institutions on financing facilities and other financial
support tools, also disclosing business and investment
opportunities among Brazilian and Chilean companies.
Information may be exchanged through joint studies, seminars,
conferences, forums and other events organized by the
parties.
Corfo, a Chilean self-managed organization, is intended to
support and finance economic and social development projects
in Chile, focused on strengthening and setting up innovative
businesses engaged in the foreign market.
Brazil and Chile signed, in July 1990, a scientific,
technical and technological cooperation framework agreement,
which was the starting point for the cooperation among
institutions and public agencies of both countries. In April
2007, the parties signed a memorandum of understanding
covering science, technology and innovation.

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