Private sector sustainable activity financing is a fundamental pillar for the economic and social development
SOFID was created in 2007 with the mission to contribute to the Sustainable Development Goals (SDGs) and the economic growth of emerging and developing countries, articulating with the objectives and strategy of the Portuguese State in terms of economy, cooperation and assistance. SDGs are the result of a joint work of governments and citizens around the world to create a new global model to end poverty, promote prosperity and well-being for all, protect the environment and fight climate change.
SOFID is part of this collective effort to support sustainable development through the provision of financial products and services for private or public companies (as long as they are commercially run ), with a large set of own instruments and delegates to support investments of its clients, namely:
- Medium and Long-term Loan Concessions and Banking Guarantees;
- Management of INVESTIMOZ Fund, dedicated to support investments of Portuguese and Luso-Mozambican companies in Mozambique;
- Management of a European Investment Bank Line, aimed at supporting SMEs working in African, Caribbean and Pacific countries;
- Implementation of the Lusophone Compact, established between the African Development Bank, the Community of Portuguese-Speaking Countries (CPLP), the Portuguese Government and the Portuguese-speaking African Countries, which aims to promote investment in these countries in priority sectors, such as Energy, Agriculture and Industry thereby contributing to greater integration, economic growth and sustainable development. This support is intended for both private sector and PPP (Public-Private Partnerships) projects. The pillars of action will be Risk Mitigation, Direct Financing and Technical Assistance.
The renewable energy sector plays a very important role here at all levels of support, in the creation of social and environmental value, and at the same time in the own economy of the countries. ALER plays a key role in the support of the implementation of these projects.
SOFID is a member of the European Development Financial Institutions and has agreements with several multilateral development partners, thus enhancing its capacity to support the investments of its clients in different geographies and in different sectors.
We invite all the companies to be present at the information session “The Lusophone Compact and other financial instruments for renewables projects in the PALOP”, that will take place on May 27, organized by ALER, in cooperation with the Planning, Strategy, Evaluation and International Relations Office (GPEARI) of the Ministry of Finance, the Portuguese Business Development Agency (AICEP) and SOFID, in which we will participate and present in detail all our offer.