FMO 2020
Annual Report
FMO in 2020: Standing by our customers
Letter of the management board
"In July 2020, we celebrated FMO’s 50th birthday, in the midst of a pandemic and in a year that proved to be extraordinarily challenging. Many countries and businesses were affected in one way or another, and so was FMO. Our main priorities became the wellbeing of our colleagues and the wellbeing of our customers and investees.”
OUR IMPACT
How we invest
Adjusting to a new reality
During the COVID-19 pandemic, FMO has increased the financial and non-financial support to its existing customers to help them withstand the economic impact of the pandemic. Our ability to onboard new customers has temporarily been hampered by the travel restrictions that are currently in place. FMO has implemented several changes to adjust to the new situation.
OUR VISION
We believe in a world in which, in 2050, more than 9 billion people live well and within the means of the planet’s resources.
OUR SDGs
OUR MISSION
We empower entrepreneurs to build a better world.
STRATEGIC GOAL
Your preferred partner to invest in local prosperity.
OUR STRATEGY
Higher
Impact PortfolioDeeper
RelationshipsHigher
Productivity
OUR MARKETS
Agribusiness, Food & Water
Energy
Financial Institutions
Dutch Business
OUR VALUES AND BEHAVIORS
Making the difference
We are courageous and entrepreneurial
We create value for all our stakeholders
We accelerate sustainable development
Diversity
We respect differences and listen
We embrace dilemmas
We include multiple perspectives
Quality
We communicate expectations and share feedback
We learn, professionalize and innovate together
We are accountable and support clear decisions
Integrity
We are responsible and compliant
We are transparent and build trust
We are true to our vision and mission
Where we invest
Total committed portfolio €9.3 billion
Note: committed portfolio consists of €8.2 billion for FMO and €1.1 billion for public funds
Stakeholder interviews
Stakeholder interviews
Wind in the sails of FMO
“In the harmonization process, everyone needs to make compromises”, says Sabine Dankbaar, Director of Steward Redqueen
Read more about: Wind in the sails of FMOStakeholder interviews
Hats off to our investees
“We had customers requiring urgent funds, so critical action was needed,” says Nikolay Zubtsov, Investment Officer at FMO
Read more about: Hats off to our investeesStakeholder interviews
Ameriabank's green journey
“One of the biggest challenges was the alignment of our existing green business with the Green Bond principles,” says Gevorg Tarumyan, Deputy CEO, and Chief Financial Officer at Ameriabank
Read more about: Ameriabank's green journeyThe Challenge of a Decade, the Achievement of the Century
On 8 July 2020, it was exactly fifty years ago that the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden, now better known as FMO, was established. Despite being housebound, we could not let this milestone go by unnoticed. We adjusted our plans, explored new ways to connect and shifted our celebrations to the online world.