COFIDES is a state-owned enterprise specialized in the management of State funds (Secretariat of State for Trade, attached to the Ministry of Economy, Trade and Enterprise) that provides medium and long-term financing for private investments linked to different public policy purposes.
For over three decades, it has been managing resources aimed at supporting the internationalization of Spanish companies, and since 2021, the FONREC, a fund aimed at strengthening the solvency of Spanish companies severely affected by the COVID-19 pandemic. COFIDES has been assigned the direct management of two new financial instruments: the Coinvestment Fund (FOCO), to attract foreign investment to Spain in activities mainly linked to green and digital transitions, and the Social Impact Fund, aimed at reinforcing the national ecosystem of impact investment.
In addition, COFIDES supports the management of the financial cooperation portfolio of the Agencia Española de Cooperación Internacional para el Desarrollo-AECID (Spanish Agency for International Development Cooperation), promoting sustainable development in emerging economies and developing countries. It manages the combined financing of the European Union (blending) and mobilizes resources from the United Nations Green Climate Fund.
In the ownership structure of the Company, the Spanish State holds 53% of the equity. The remaining 47% is held by Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and Development Bank of Latin America (CAF).
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.