Compañia Española de Financiación del Desarrollo (COFIDES)

Type International
Date of accreditation 20 Oct 2018

The Compañia Española de Financiación del Desarrollo S.A. S.M.E. (COFIDES) is an organisation based in Spain that provides cost-effective financial support for viable medium- and long-term private direct investment projects globally. To promote economic and social development of emerging and developing countries, COFIDES uses both its own financial resources as well as those of the two state funds it manages. Both funds belong to the Ministry of Economy, Industry and Competitiveness and are channelled through the State Secretariat for Trade, which provides access to COFIDES to a global network of the Spanish Commercial and Economic Offices.

Accreditation timeline

Accreditation date

20 Oct 2018

AMA execution date

23 Oct 2019

AMA effectiveness

08 Jul 2020

Term end date

07 Jul 2025

Entity details

Size
- Micro
- Small
- Medium
- Large
Environmental and social risk category
- Category C
- Category B
- Category A
- Intermediation 3
- Intermediation 2
- Intermediation 1
Fiduciary standards
- Basic
- Project management
- Grant award
- On-lending/blending:
- Loan
- Equity
- Guarantee
- Blending

Projects

FP230

Cross-cutting

Multiple countries

Kuali Fund-GCF

Documents

Title	Type	Date
Kuali Fund-GCF COFIDES	Approved funding proposal	04 Apr 2024
Gender action plan for FP230: Kuali Fund-GCF COFIDES	Gender action plan	07 Mar 2024
Gender assessment for FP230: Kuali Fund-GCF COFIDES	Gender assessment	07 Mar 2024
Environmental and social safeguards (ESS) report for FP230: Kuali Fund-GCF COFIDES	Environmental and Social Safeguards report	31 Jan 2024
Accreditation Master Agreement between GCF and COFIDES COFIDES	Accreditation Master Agreement	23 Oct 2019

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2024
2019

News + Stories

Agreement with Spanish global investor strengthens GCF’s private sector pull

24 Oct 2019 / The Green Climate Fund has increased its ability to tap private sector profits to finance climate action by strengthening its ties with Spanish-based international investor COFIDES. Compañía Española de Financiación del Desarrollo (COFIDES) is a joint state and privately-owned company accredited by GCF in October last year to finance climate initiatives based on its experience of private sector investments across nearly 90 countries.

Contacts

Mr. Jose Villena

Primary

Director of Partnerships for Development Division

JoseCarlos.Villena@cofides.es

Carlos Martín

Secondary

Partnerships for Development Senior Investment Officer

Phone +34 915626008
Carlos.Martin@cofides.es