The Order of Merit is a Chilean order and was created in 1929. Succeeding the Medal of the Merit, which was created during the term of the President Germán Riesco through the Minister of War decree No. 1350 on 4 September 1906. This new national distinction was created to recognize the meritorious service provided by foreign military personnel to Chilean officials. The order is only awarded to foreigners.

General Carlos Ibáñez del Campo was a Chilean Army officer and political figure. He served as President twice, first between 1927 and 1931, and then from 1952 to 1958, serving for 10 years in office.