Council of Ministers authorises six FONPRODE operations for development projects

​The Council of Ministers has authorised six financial cooperation operations charged to the Fund for Development Promotion (Spanish acronym: FONPRODE), a key instrument in forging the alliances necessary to fight COVID-19, within the framework of the Joint Response Strategy of Spanish Cooperation to the Covid-19 Crisis and to meet the Sustainable Development Goals (SDG) of the 2030 Agenda.

Specifically, the Council of Ministers has authorised loans for the co-financing of two important irrigation development projects in Mali and Senegal together with the World Bank, a rural development project in Honduras and a re-fitting and enhancement of historic centres project in Peru, in these latter two cases with the Inter-American Development Bank. It also authorised a financial inclusion loan for the entity “Contactar” in Colombia and the acquisition of shares in the Pomona II Fund to perform development investments in Central America and the Andes region.

With the approval of these projects, which amount to close on 85 million euros, a major boost is given to financial cooperation implemented through FONPRODE in priority regions and sectors for Spanish Cooperation.

Financial cooperation is called on to play a key role in Spanish and European Union cooperation in the coming years. On the one hand, as an instrument that allows funds to promote development in partner countries to be raised and catalysed and, on the other hand, as a mechanism that leads to forces being joined among different parties to cooperation, including the private sector, with the aim of achieving the Sustainable Development goals in the crucial “decade for action” of the 2030 Agenda and in a context in which Spain and its partner countries have been seriously affected by COVID-19.

FONPRODE was set up in 2010 as an exclusively financial development cooperation instrument through loans under concessional terms and non-repayable operations related to these, among others. To date, it has played an important role in the field of financial inclusion, in the development of water and sanitation programmes and development programmes aligned with the priorities of Spanish cooperation and the development of partner countries.

Over the coming months, FONPRODE will make a major contribution to support partner countries in the fight against COVID-19, within the framework of the Joint Response Strategy of Spanish Cooperation to the Covid-19 Crisis, presented today by the Minister for Foreign Affairs, European Union and Cooperation, Arancha González Laya, to the Council of Ministers.





  • 13 Aug @SpainMFA * 🎥@AranchaGlezLaya: "Entire parts of Spain are COVID free. #Aragón, for example, has some outbreaks but most of the…
  • 13 Aug @SpainMFA * 🎥 MFA @AranchaGlezLaya @HalaGorani: “Most parts of #Spain, as for instance the #CanaryIslands, have an extremely l…
  • 09 Aug @SpainMFA * The international community must once again work together to deliver an effective response in support of #Beirut &…
  • 09 Aug @SpainMFA * The Government of #Spain deeply regrets the death of Bishop Casaldáliga yesterday in #Brazil, who was Bishop of the…
  • 08 Aug @SpainMFA * #PR: #Spain is sending emergency aid to #Lebanon. The Spanish Agency for International Development Cooperation…
  • 08 Aug @SpainMFA * If you are travelling to #Spain by ✈️ or 🚢 , you will have to: 📝 Fill out and sign the FCS form before your trip…
  • 06 Aug @SpainMFA * #Spain is working to establish streamlined and effective procedures to fight #disinformation within the framework o…
  • 06 Aug @SpainMFA * ✈️📝 The health check form that int'l travelers need to complete prior to their trip to #Spain has gone digital in o…
  • 05 Aug @SpainMFA * #Spain is a competitive, reliable, safe country. Our values ​​are now stronger than ever. The winner of 26 medals…
  • 05 Aug @SpainMFA * ✈️ @aena, operator of 46 #airports and two heliports in #Spain, has gathered all the information on the health and…
  • 04 Aug @SpainMFA * The Government of #Spain stands in solidarity with the people and the authorities of #Lebanon, wishes a speedy reco…
  • 04 Aug @SpainMFA * #PR: MFA @AranchaGlezLaya bestowed the Isabel la Católica award on the Minister for Foreign Affairs of #Uruguay, Fr…
  • 04 Aug @SpainMFA * #Spain is firmly committed to the fight against #disinformation, one of the greatest threats to #democracy. Admini…
  • 04 Aug @SpainMFA * If you are travelling to #Spain by plane ✈️ or ship 🚢, you will have to: 📝 Fill out and sign the FCS form before yo…
  • 03 Aug @SpainMFA * #Brexit | The State Secretariat for Migration of @inclusiongob, @SEstadoMigr, has prepared a guide concerning the m…


  • Inscríbete en el Registro de Viajeros
  • Recomendaciones de Viaje
  • Fichas por país
  • Atlas Redes Sociales
  • Embajadas y Consulados
  • Sede Electrónica
  • Página de Participación Ciudadana
  • Página Portal de Transparencia
  • Sede Palacio de Santa Cruz
    Plaza de la Provincia, 1
    28012 MADRID
    Tel: +34 91 379 97 00
  • Sede Palacio de Viana
    Duque de Rivas, 1
    28071 MADRID
    Tel: +34 91 379 97 00
  • Sede Torres Ágora
    Serrano Galvache, 26
    28033 MADRID
    Tel: +34 91 379 97 00
  • Sede Pechuán
    C/ Pechuán, 1
    28002 MADRID
    Tel: +34 91 379 17 00
    Avda. Reyes Católicos, 4
    28040 MADRID
    Tel: +34 91 583 81 00 / 01
    Fax: +34 91 583 83 10 / 11
Gobierno de España
©Ministerio de Asuntos Exteriores, Unión Europea y Cooperación
Portal gestionado por la Dirección General de Comunicación, Diplomacia Pública y Redes
Premio Ciudadanía 2016
Premio Ciudadanía 2016