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COFIDES and the Brazilian Development Bank of Minas Gerais (BDMG) sign a collaboration agreement

Corporate Finance

During the COP25, the COFIDES CEO, José Luis Curbelo, and the CEO of the Brazilian Development Bank of Minas Gerais (BDMG), Sergio Gusmão, have signed a collaboration agreement through which both institutions undertake to promote productive and commercial implementation, strategical alliances and cooperation between BDMG and COFIDES for the development of Brazilian and Spanish companies.

After signing, the COFIDES CEO, José Luis Curbelo, stated that "we hope that this agreement will contribute to us boosting Spanish and Brazilian company growth, as well as having a positive social and environmental impact, thus contributing to creating decent jobs".

The CEO of the Minas Gerais Development Bank, Sergio Gusmão, highlighted that "BDMG and COFIDES have similar mandates and both are committed to the SDGs". The CEO showed his trust in being able to work to identify common projects and to be a main partner of COFIDES in Brazil, with the aim of launching projects that will have an impact on development.

BDMG is the official structurer for public concession, common and PPP model operations in the Minas Gerais state. Its work focuses on four elements: regional development, innovation, support for the farming industry and sustainability. It is a bank that believes in the state's potential and is side-by-side with those who are committed to improving Minas Gerais.

COFIDES is a public-private company which has been offering financial support to Spanish companies investing abroad since 1988. It is accredited with the EU to manage Community budgets, allowing it to structure transactions with a high impact on development. It is also accredited with the UN’s Green Climate Fund and can structure operations on climate change mitigation and adaptation with the GCF. It is the exclusive manager of FIEX and FONPYME funds on behalf of the Secretariat of State for Trade attached to the Ministry of Industry, Trade and Tourism and supports AECID in managing FONPRODE funds. Shareholders include Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell and CAF-Development Bank of Latin America.

Fuente: COFIDES

https://www.cofides.es/noticias/notas-de-prensa/cofides-banco-desarrollo-minas-gerais-brasil-suscriben-acuerdo
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