Spain

Several agencies oversee Spain’s development assistance. Its Ministry of Treasury and Public Function (Ministry of Finance) drafts the development budget bill and channels official development assistance funding to European Union institutions while its Ministry of Foreign Affairs, European Union and Cooperation sets the strategic orientation of Spanish development policy. The Spanish Agency for International Development Cooperation is responsible for implementing bilateral programs, humanitarian aid, and funding to civil society organizations. It manages the Development Promotion Fund. The Ministry of Economic Affairs and Digital Transformation manages the representation of Spain in international financial institutions and multilateral development banks. It is also engaged in debt relief operations.

At a Glance

Cumulative Trust Funds Contribution

$63.4 million

  

Spain’s development support prioritizes infrastructure development, energy, and water. In Asia, its works are primarily centered in Bangladesh, Pakistan, the Philippines, and Viet Nam.

Spain contributes to three active trust funds with ADB. The Spanish Cooperation Fund for Technical Assistance, established in 2000, was designed to finance project preparation technical assistance (TA) operations in ADB developing members. It has financed 23 TAs with $11 million total contributions. Spain provided its initial contribution to the Clean Energy Fund (CEF) in October 2008. CEF is a multi-partner trust fund established in April 2007 under the Clean Energy Financing Partnership Facility. It seeks to improve energy security in ADB’s developing members and decrease the rate of climate change through increased use of clean energy. The country provided its first contribution to the Multi-Donor Trust Fund under the Water Financing Partnership Facility also in October 2008. This facility supports the implementation of ADB’s Water Financing Program.

Spain’s collaboration with ADB’s private sector operations is done through project cofinancing and engagement with the Trade Finance Program (TFP). From 11 January 2016 to 3 December 2020, private entities domiciled in Spain provided $28 million in cofinancing for 1 nonsovereign project.

ADB’s TFP had supported 204 Spanish export and import transactions (through Spanish and non-Spanish banks) to developing Asia valued at over $72.8 million as of December 2020. Exports and imports were to 12 countries, but mostly to Bangladesh, Pakistan, and Viet Nam. Isolating TFP’s work with Spanish banks, the TFP works with 10 banks domiciled in Spain and has provided guarantees supporting $991.1 million in trade in over 2,902 transactions. The TFP has mobilized $2.2 million in cofinancing with banks operating in Spain. This cofinancing helps leverage ADB resources and brings more support for developing members.

Interested in learning about financing partnerships? Contact Us