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 ):
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.
The following participate in the share capital of COFIDES:
COFIDES is an active member of the Spanish Global Compact Network.
COFIDES has been ISO 9001 certified since 2005 for all its activities related to customer service quality.
30th Anniversary of COFIDES | José Luis Curbelo, Chairman and CEO of COFIDES, and Reyes Maroto, Minister of Industry, Trade and Tourism, before the celebration of the event that took place on 11 December 2018 to commemorate the company's 30th anniversary.