The 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 to reduce the risk of their investments in developing countries. The Madrid office will deepen cooperation with Spanish companies, institutions and organisations interested in emerging markets, fostering partnerships in sectors where Spain is an international leader, such as financial services, water management, sustainable tourism and resilient infrastructure.
