State guarantee
In order to obtain a state guarantee for the loans they take out or the bonds they issue, state-owned companies must first sign a programming agreement with the el Comité Sistema de Empresas - SEP of the Corporación de Fomento de la Producción (Corfo), which will specify the objectives and expected results of their operation and investment program, in the manner established by instructions from the Ministry of Finance.
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Article 2, Law N° 19,847, It empowers the President of the Republic to grant a state guarantee for the obligations indicated.