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.
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