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20 May 2022

The BBVA Microfinance Foundation revalidates its first place in the development contribution ranking for Latin America

Por tercer año la FMBBVA es la primera fundación en contribución al desarrollo en América Latina y la segunda del mundo

The Organization for Economic Co-operation and Development (OECD) has just published the Private Philanthropy for Development statistics detailing the contribution of the 40 largest foundations in the world. For the third consecutive year, the BBVA Microfinance Foundation (BBVAMF) is the second worldwide and the first in Latin America.

Grafico filantropia 2020_ENG (5)

The BBVA Microfinance Foundation’s contribution amounts to a total of 924 million dollars in official development assistance (ODA) recipient countries: 563 million in Peru, 260 in Colombia, 94 in the Dominican Republic and 8 in Panama. The 130 million disbursed in Chile are not included in these statistics; since 2018 it has not been an ODA recipient according to the Development Assistance Committee (DAC).

"To maintain a leading position in contribution to development  is a recognition towards the extraordinary work of our teams in America and Spain, especially since these figures reflect that we have helped millions of people to have a better life", shared BBVAMF CEO, Javier M. Flores.

The total contribution of the foundations that report their statistics was almost 10.5 billion dollars in 2020. The Bill & Melinda Gates Foundation occupies the first position for another year with more than 4.6 billion dollars disbursed.

The OECD publishes these data following the same definitions and standards as those of the DAC member countries, allowing them to be comparable. The total ODA contribution of these countries was 162.2 billion dollars.