In Spain, Top Officials Discuss Development Fund's Implementing Regulations

Senior officials of the Spanish government convened Feb. 18 to discuss proposed implementing regulations for the Fund for the Promotion of Development, or Fonprode.

Fonprode is Spain’s main fund for development cooperation. Approved by the Spanish Cortes in October, it replaces the Development Assistance Fund, which was created in 1976 to promote the internationalization of Spanish companies. 

>> Spanish Parliament OKs Expanded Development Fund

The regulations specify the types of aid operations that can be financed through Fonprode, procedures for approving contributions, and measures for safety, assessment and rendering of accounts.

Read more development aid news.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.