Spain: The Second Largest International Provider of Private Philanthropy for Development, Mostly Thanks to the BBVAMF – OECD

According to the latest data published by the OECD, Spain is globally the second contributor to development through philanthropic funding, mostly thanks to the BBVA Microfinance Foundation (BBVAMF) surpassed only by the United States and followed by the UK and Switzerland.

Out of the more than 3.9 billion dollars provided by the Spanish private organizations between 2016 and 2019 in recipient countries of official development assistance, more than 3.6 billion have been disbursed by BBVAMF’s microfinance institutions in Latin America, the most unequal region in the world.