Project assessment criteria

COFIDES applies the following project assessment criteria:

• Sponsors’ entrepreneurial capacity, regardless of whether the sponsors are Spanish or foreign.
• Technical, commercial and financial viability.
• Sponsors’ commitment to the project, usually evaluated in terms of a sufficient capitalization rate.
• Existence of suitable mechanisms to mitigate political and commercial risk.
• Favourable atmosphere in the target country.
• Project contribution to the internationalization of Spanish enterprise and the Spanish economy.
• Contribution to host country development.
• Suitable management of the environmental and social aspects of the project.
• Good corporate governance.

COFIDES involvement is always guided by the principle of “shared risk”, whereby COFIDES never assumes greater risk in a project than the sponsors themselves.