World Bank Group opens Madrid office to boost private capital for development projects
By
Escarlata Sánchez
Summary
The World Bank Group has announced the opening of a new office in Madrid, Spain, aimed at strengthening cooperation with Spain and facilitating private capital mobilization for development projects in Latin America, Africa, and other emerging markets. The office will consolidate World Bank Group institutions in Spain for the first time, serving as a contact point for government, businesses, investors, universities, and civil society. The initiative seeks to provide Spanish companies with easier access to financing and guarantee instruments. Spain's first vice-president and economy minister Carlos Cuerpo highlighted the move as positioning Spain as a key hub for multilateral institutions.
Source
bskyWorld Bank Group opens Madrid office to boost private capital for development projectsl.euronews.comKey quotes
· 3 pulledThe World Bank Group announced on Monday the opening of an office in Madrid, a step aimed at strengthening its cooperation with Spain and facilitating the mobilisation of private capital for development projects in Latin America, Africa and other emerging markets.
The new office will bring together, for the first time in Spain, the different institutions of the World Bank Group, becoming a contact point for the government, businesses, investors, universities and civil-society organisations.
The aim is to give Spanish companies easier access to financing, guarantee instruments and mechanisms
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