Annual and interim reports

Financial performance

The financial performance of FMO in 2019 showed mixed results. Our regular income was driven by continued stable growth of the loan portfolio whilst maintaining our margins.

Invest in non-renewables or help the energy transition? It is not always either/or.

Ivory Coast has an electricity production deficit and only 65% of its population currently has access to electricity, hampering economic growth. Meanwhile, the country is committed to a 42% renewable energy target by 2030.

Read more ›Invest in non-renewables or help the energy transition? It is not always either/or.

Regenerating a region’s economy and ecology

Ledesma’s importance to the remote region of Jujuy in the north of Argentina can hardly be overstated.

Read more ›Regenerating a region’s economy and ecology

Distorting commercial debt markets vs. attracting private investment

The trillions needed to achieve the Sustainable Development Goals by 2030 cannot come from Multilateral Development Banks and Development Finance Institutions alone. Mobilizing private capital towards SDGs and frontier markets is essential. But private capital only invests where they feel the return adequately compensates for the risks.

Read more ›Distorting commercial debt markets vs. attracting private investment

How should you respond when shares switch into questionable hands?

In the aftermath of the failed Turkish coup d’état in 2016, a shareholder of one of our clients, allegedly a Gülen supporter, was imprisoned and forced to sell his shares to a businessman supported by the regime.

Read more ›How should you respond when shares switch into questionable hands?

Complex projects | Dealing with multiple dilemmas

In November 2019, the NGO Human Rights Watch (HRW) published a critical report concerning one of our investments in Feronia, a palm oil producer for the domestic market in the Democratic Republic of Congo (DRC).

Read more ›Complex projects | Dealing with multiple dilemmas

2X Challenge: Mobilizing the world’s great untapped resource

In May 2019, FMO joined the 2X Challenge. Launched by the Development Finance Institutions (DFIs) of the G7 in 2018, the 2X Challenge calls for DFIs across the world to work together to mobilize US$3 billion in commitments by 2020 to give women in developing markets access to economic participation.

Read more ›2X Challenge: Mobilizing the world’s great untapped resource

2020 Outlook

In 2020 we will continue to steer our effort towards creating more impact on SDGs 8, 10 and 13.

Economic outlook

Early January 2020, economic forecasts predicted that economic growth will pick up in 2020 and 2021 with global growth of around 4-5%1 in developing and emerging markets. The world around us, however, remains uncertain.

Higher impact portfolio

In 2020, we introduced portfolio targets in addition to our usual targets on new investments. By closely monitoring the development of our portfolio, we will steer investment decisions towards creating a higher impact portfolio.