As a development finance institution, COFIDES endeavours to:
- Promote the internationalization of the economy and of Spanish companies.
- Contribute to the sustainable development of developing and emerging countries.
COFIDES provides financing through medium and long-term debt and equity instruments for viable private investment projects abroad in which Spain has an interest. In addition to its own resources, it manages the Foreign Investment Fund (FIEX) and the Fund for Foreign Investment Operations for Small and Medium Enterprises ( FONPYME ).
COFIDES also supports the Ministry of Foreign Affairs and Cooperation (through the AECID) in the management of reimbursable financing operations of the Development Promotion Fund (FONPRODE), lending its capacity and expertise in financial and non-financial risk analysis gained during its thirty years of work in developing and emerging countries.
COFIDES is one of the accredited entities for the delegated management of the European Union budget. It can present combined financing operations, known as Blending facilities, a financing instrument that combines a non-reimbursable contribution or one with high levels of concessionality from the EU with reimbursable financing from COFIDES.
COFIDES is accredited to the Green Climate Fund (GCF), a United Nations initiative to finance climate change mitigation and adaptation projects in developing countries.
It is a founding member of EDFI , the association of European Development Financial Institutions, which works together with its counterparts in 15 European countries. It is thus able to co-finance projects with its European counterparts through co-financing mechanisms, i.e. the EFP (European Financing Partners and the ICCF Interact Climate Change Facility).