The report GSR Scoreboard 2025, which analyzes more than 200 financial entities around the world based exclusively on public domain information, has awarded COFIDES a 96% score, placing it in the seventh place globally among all the sovereign wealth funds evaluated. This achievement underscores the Spanish institution's commitment to the highest standards of management and accountability.
In the European context, COFIDES stands out even more, occupying the second position second only to Ireland's sovereign wealth fund. This ranking consolidates COFIDES' position as one of the most robust and reliable institutions in terms of governance, sustainability and resilience.
Miguel TianaThe CEO of COFIDES expressed his satisfaction with this new recognition. "This new international recognition reaffirms COFIDES' commitment to excellence in management and responsible financing of our projects“Tiana stated. She added that this achievement “motivates us to continue working to stay at the forefront of the standards we apply and to contribute to the dissemination of best practices among the organizations we collaborate with.”
COFIDES is a state-owned trading company responsible for managing state financial funds, as well as its own resources and those of other institutions. Its main objectives include internationalization of the Spanish economy, the attraction of foreign investment in strategic sectors within Spain, the promotion of impact economy in the country and the contribution to development of nations in which it invests. COFIDES' shareholder base is predominantly comprised of the State, with the participation of major banking institutions such as Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and CAF-Development Bank of Latin America.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
