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Native name | Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. |
|---|---|
| Company type | State owned company |
| Industry | Development Finance |
| Founded | July 8, 1970 |
| Headquarters | The Hague, Netherlands |
| Products | Equity financing, loans, trade finance, credit guarantees |
| Revenue | Aftertax:€:255 million (US$:296 million) (2017)
 [1] |
| Total assets | €:9.2 billion (US$:10.7 billion) (2017)[2] |
Number of employees | 758 (2023) |
| Website | www |
FMO (Dutch: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.) is a Dutch development bank structured as a bilateral private-sector international financial institution based in the Hague, the Netherlands. FMO manages funds for the Ministries of Foreign Affairs and Economic Affairs of the Dutch government to maximize the development impact of private sector investments. It is licensed as a bank and supervised by the Dutch Central Bank.
The Dutch government holds 51% of the shares, but FMO operates as a commercial company. Due to its relationship with the Dutch government, it is able to take risks which commercial financiers are not able or not prepared to take. The FMO has a AAA rating from Standard and Poor's.[citation needed] As of December 2017[update], the bank's total asset valuation was €8.32 billion (US$9.67 billion), and its shareholders' equity was €2.83 billion (US$3.29 billion).[3]
FMO's mandate is to provide long term capital for projects in countries in which commercial investors do not yet dare to invest. It invests risk capital in companies and financial institutions in developing countries and has a strict policy on maximizing development impact with a methodology designed to make sure that FMO's return on investment is not just financial but also has positive environmental and social effects.[4] Investments to date include Yoco,[5] WWF and other NGOs in Paraguay's Agricultural sector.[6]
- ^ "Financial performance". Annual Report FMO. FMO. Archived from the original on 27 August 2018. Retrieved 27 July 2018.
- ^ "Financial performance". Annual Report FMO. FMO. Archived from the original on 27 August 2018. Retrieved 27 July 2018.
- ^ "Financial performance". Annual Report 2017. FMO. Archived from the original on 27 August 2018. Retrieved 27 July 2018.
- ^ "NETHERLANDS DEVELOPMENT FINANCE COMPANY (FMO)". UNEP Finance Initiative.
- ^ "South African tech group Yoco raises $16 million in funding". Business Tech.
- ^ "An unlikely partnership to tackle deforestation in Paraguay". Vimeo.