The new Facilities provide cost-effective financial support for viable private direct investment projects implemented in Russia and the PCC countries, which involve some type of Spanish interest. The ultimate aim is to conduct a profitable business that contributes to both host country development and the internationalization of Spanish enterprise and the Spanish economy.
Russia and the PCC countries, as priority markets for Spain, have been one of the regions chosen by the Secretary of State for Trade to implement an Integral Market Development Plan. This Plan consists of specific and strategic lines of action and envisages fostering activities in a wide range of industries, reinforcing the presence of Spanish companies abroad and supporting the investment in Russia and the PCC countries.
The Russia Facility and the PCC Countries Facility entail specific advantages in the financial support provided regardless of the type of business.
The new Russia Facility and the PCC Countries Facility are one of the ten Country Facilities implemented by COFIDES as fund manager for FIEX and FONFYME. In 2010 and 2009, COFIDES implemented the U.S.A. Facility and the India Facility respectively and renewed the present capital endowment for every Country Facility: Enlargement Countries Facility; Mexico Facility; China Facility; Brazil Facility; Morocco Facility; Sub-Saharan Africa Facility.
