Madrid, 21th September 2017.COFIDES took part in the First Global Conference on financing Mobilisation, "Global Debt Mobilisation Conference" held by the International Finance Corporation (IFC), on 20th and 21st September in Madrid.
IFC, a member of the World Bank Group, is one of the largest global development institutions, focused exclusively on the private sector in developing countries.
This Conference is a global event, that intends to bring together IFC partners from around the globe to network and move towards innovative financial solutions that expand the pool of viable, profitable emerging-market opportunities for investors.
The conference brought together more than one hundred senior executives from international financial institutions involved in investments in emerging and developing markets, including commercial and development banks, institutional investors and social impact investors, that through different panels will share their experiences and knowledge about emerging countries.
Ahead of the conference, COFIDES chairman Salvador Marín and IFC Vice President Jingdong Hua welcomed the conference participants at a meeting to be held at COFIDES head offices.
COFIDES chairman, Salvador Marín stated, "IFC´s activity is in line with the one developed by COFIDES and both institutions have cooperated closely on various projects, facilitating Spanish direct investment abroad". He continued, "We have an institutional agreement with the IFC, where we work with a common investment project portfolio, in which Spanish companies will take part".
He also noted that IFC was a COFIDES preferred partner that had contributed to the financing of Spanish companies, with the aim of further strengthening their links to continue promoting Spanish investment in emerging or developing countries, which undoubtedly strengthened Spanish companies in origin".
Marín explained that COFIDES currently had several projects under study in which the IFC could cooperate, as it had done so on previous occasions.
Finally, COFIDES chairman expressed his satisfaction at the IFC having chosen Madrid as a venue for this conference, "which will bring the main international financiers together, helping to expand the opportunities of Spanish companies to make investments in these countries".
Established in 1956, IFC is owned by 184 member countries. The directors meet regularly at World Bank Group headquarters in Washington, D.C., where they review and decide on investments and provide overall strategic guidance to IFC management.
IFC raises virtually all funds for lending activities through the issuance of debt obligations in international capital markets. Our borrowings are diversified by country, currency, source, and maturity in order to provide flexibility and cost effectiveness.
COFIDES is a combined private-public concern, which since 1988 has provided financial support to Spanish enterprises abroad. COFIDES manages the FIEX and FONPYME funds on behalf of the State Secretariat for Trade, within The Ministry of Economy, Industry and Competitiveness. The stockholders include the Bank of Bilbao Vizcaya Argentaria (BBVA), Santander Bank, Popular Bank, Sabadell Bank and CAF (Development Bank of Latin America).
For more information: http://www.ifcglobaldebtconference.com/