Spanish Development Finance Institution

The Compañía Española de Financiación del Desarrollo, COFIDES, S.A., S.M.E. (Spanish Development Finance Institution) is a state-owned trading company founded in 1988. It provides medium and long-term financing for viable private investment projects that, based on profitability criteria, contribute both to the development of the host countries and the internationalization of the economy and of Spanish companies.

To fulfil this dual purpose, COFIDES uses its own resources to finance investment projects in emerging or developing countries and manages the following funds on behalf of the State (Secretariat of State for Trade, attached to the Ministry of Industry, Trade and Tourism ):

FIEX
FONPYME
COFIDES also lends support to the Agencia Española de Cooperación Internacional para el Desarrollo-AECID (Spanish Agency for International Development Cooperation) in managing FONPRODE - Fondo para la Promoción del Desarrollo (Development Promotion Fund), manages the combined financing of the European Union (blending) and mobilizes resources from the United Nations Green Climate Fund.