Banco de Desarrollo Econ mico y Social de Venezuela, (Bandes)

Banco De Desarrollo Econ mico Y Social de Venezuela, (Bandes) offers banking services including project and international trade financing; finance and support regional development and medium to long term investments; finance both public and private sector infrastructure initiatives and projects involving technological innovation, transfer, and development; administer financial resources of public-sector entities engaged in economic decentralization and deconcentration; provide technical and financial support for the expansion, diversification, modernization, and competitiveness of social infrastructure and productive structure; act as trustee; administer resources from multilateral organisms, bilateral programs, and any other international cooperation programs; develop international cooperation programs of a commercial, technical, and financial nature, as allocated by the Government under its external affairs policy. The company was formerly known as Venezuelan Investment Fund. Banco De Desarrollo Econ mico Y Social de Venezuela, (Bandes) was founded in 2001 and is based in Caracas, Venezuela.