Compañia Española de Financiación del Desarrollo

International

Type: International
Date approved: 19 Oct 2018
Size: Medium
ESS Category: Category A, Intermediation 1
Fiduciary standards: Basic, Project management, Grant award, On-lending/blending (Loan), On-lending/blending (Equity), On-lending/blending (Guarantee)

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.