Spain joined the African Development Fund (ADF) in 1973 and the African Development Bank (AfDB) in 1984. Spain’s policy towards Africa is underlined by key operational principles such as supporting peace and security, consolidating human rights and governance and combating hunger, poverty and social exclusion. Spain also pro-motes investment and trade relations, sustainable socio-economic development, partnership on microfinance and reinforcing bilateral and multilateral relations between Spain and Africa.
From a geographical point of view, Spanish development cooperation policy is targeting particularly to North Africa but also Western Africa. Moreover, water, microfinance, gender and agriculture are the main thematic areas of in-tervention. Spain’s development program is implemented by the Minister for Economic Affairs and Competitiveness and the Spanish Government’s development agency, AECID.
Spain’s joint initiatives with the African Development Bank include several multi-donor thematic initiatives in the pri-vate sector, infrastructure and water sectors.
The bilateral agreement with Spain was terminated in 2012. Since 1995, Spain has provided support to private sector initiatives, public utilities, transport and environment. The agreement has supported the Bank with project identification, preparation, evaluation, studies and experts.
In July 2009, the Bank and Spain signed a bilateral Microfinance Capacity Building Trust Fund with a commitment of Euro 5 million. The Fund aims at deepening the outreach of the African financial sector. Special emphasis is placed on targeting women entrepreneurs while promoting SME’s access to Microfinance.
Since 2008, Spain has been contributing to the African Water Facility with Euro 12 million. The facility assists African countries to mobilize and apply resources for the water and sanitation sector to help them to implement the Africa Water Vision (2025) and meet the MDGs (2015).
Spain has committed to investing US$ 20 million in 2010 as equity investment to the African Guarantee Fund. The Fund channels guarantees and technical assistance to financial institutions in Africa with the objective of generating en-hanced growth in the SME sector, thereby creating employment opportunities for the youth.
In January 2011, Spain contributed Euro 2 million to the NEPAD-Infrastructure Project Preparation facility. The facility aims to assist African countries, Regional Economic Communities (RECs) and other specialized agencies to prepare high quality regional infrastructure projects; develop a consensus and partnership for project implementation; and promote infrastructure projects and programs aimed at enhancing regional integration and trade.
Mr. Dominique LEBASTARD
Mr. Denis DUBUISSON
Mr. Gauthier BOURLARD
Chief Resource Mobilisation Officer
Resource Mobilization & Partnerships Department