Fundacion para la Educacion Superior y el Desarrollo (Fedesarrollo) is a private non-profit organization. Established in 1970, it is dedicated to research on economic and social policy issues. Its purpose is to contribute to the design, monitoring and improvement of public policies. Fedesarrollo promotes, directly or indirectly, the economic and social development of the country through studies, publications and debates in different areas of public policy. The studies are financed by the private sector, the public sector, multilateral entities and local and international foundations. The entity strives to maintain a balance between its sources of financing in order to preserve its independence and credibility.