The Polish Development Fund (PFR) (Polish: Polski Fundusz Rozwoju) is a state-owned financial group, headquartered in Warsaw, which offers instruments supporting the development of companies, local governments and individuals, and invests in sustainable social development and national economic growth.

[1] The mission of the PFR as a Polish promotional financial institution is to implement programs enhancing the long-term investment and economic potential and supporting equal opportunities and environmental protection.

PFR was established in April 2016 as part of the government’s Plan for Responsible Development drafted by Deputy Prime Minister, Minister of Economic Development and Finance Mateusz Morawiecki.

The PFR Group is a new entity which continues, in a new format, the tradition of Bank Gospodarstwa Krajowego, established in 1924 as a part of the reform program of Prime Minister Władysław Grabski.

Its coherent strategy and instrument platform integrate the Industrial Development Agency (Agencja Rozwoju Przemysłu, ARP), Bank Gospodarstwa Krajowego (BGK), Export Credit Insurance Corporation (Korporacja Ubezpieczeń Kredytów Eksportowych, KUKE), Polish Investment and Trade Agency (Polska Agencja Inwestycji i Handlu), and the Polish Agency for Enterprise Development (Polska Agencja Rozwoju Przedsiębiorczości, PARP).