COFIDES' dual mission as a financial institution consists of furthering the internationalisation of Spanish enterprise and the country's economy while contributing to the development of the countries hosting its investments.
To that end, drawing from its own and third party resources, COFIDES uses equity and quasi equity instruments to provide medium- and long-term financing for viable private investment projects involving Spanish interests.
COFIDES is a member of the European Development Finance Institutions (EDFI), whose 15 members, bilateral institutions all, provide long-term financing for private sector investments in developing countries or transition economies.
COFIDES' vision is to become Spain's foremost financial institution committed to furthering the internationalisation of Spanish enterprise and financing the private sector in developing countries. As part of the international development finance architecture, COFIDES aspires to intensify the private sector's role as a development driver and to become one of the European bilateral development finance institutions with the greatest positive impact on the sustainable growth of the countries hosting its investments.
The COFIDES mission rests on the values described below.
- COFIDES' additionality constitutes a differential value that lies primarily in: the flexibility and versatility of its financial support, features that are not readily found on the market; its adaptation to each project's and each sponsor's financial needs, with generous maturity and grace periods; its potential to provide institutional support for the investment projects financed; and its personality as a temporary financial partner who stands by the investor without intervening in everyday project management.
- The sustainability of the resources and funds managed by COFIDES enables the company to maintain its investment capacity over time and continue to provide its services to a growing number of businesses.
- Responsible financing is based on compliance with a code of ethics and a series of guiding principles that in turn rest on values such as the respect for human rights; the social, environmental and economic sustainability of the projects financed; the commitment to long-term economic development for local communities; the awareness of the positive impact of investment on target country development; and public support for anti-bribery and anti-corruption agreements in international trade transactions.
- The courteous, high quality service provided by COFIDES' team is one of the mainstays of the company's relationships with its stakeholders. COFIDES, which aspires to business excellence, has adopted a number of lines of action in the area of corporate responsibility that ensure ongoing improvement in its working methods and the quality of its services.