IFC and Spain

Partners in Private Sector Development

OVERVIEW

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working in more than 100 countries,

IFC committed a record $43.7 billion in own-account

investments and mobilization from third parties to private companies and financial institutions in developing countries in fiscal year 2023 (FY23).*

IFC partners with multinationals and mid-sized firms that are interested in investing in emerging markets. As of June 2023,

IFC had a long-term committed investment portfolio of close to $2.9 billion with Spanish partners spread across several sectors and regions.

PARTNERSHIP WITH THE GOVERNMENT AND THE DEVELOPMENT FINANCE INSTITUTION

The Ministry of Economy, Trade, and Business (MINECO), is IFC’s main counterpart. IFC also works closely with a range of other counterparts including the Ministry of Industry,

Energy and Tourism, COFIDES (the Spanish Development Finance Institution), ICO (the State’s Financial Agency under the MINECO),

ICEX (the Spanish Institute for Foreign Trade under the MINECO), and AECID (the Spanish Agency for International Development Cooperation).

In FY19-23, Spain provided cumulative funding of over $7 million to support IFC Advisory Services, including around $3.9 million in FY23,

for the replenishment of the Spain-IFC Technical Assistance Trust Fund (TATF). To date, the Spain TATF has funded a portfolio of 58 projects for $13 million.

The projects supported by the Trust Fund span all IFC regions with the largest allocations to Latin America and the Caribbean (24%), Middle East and North Africa (19%), and Europe and Central Asia (17%).

CONTACT

Tel:
+34 681358815

E-mail: 
ifc@ifcayuda.com