Annual and interim reports

FMO is the Dutch entrepreneurial development bank

Since 1970, we have been a driving force behind investments empowering local entrepreneurs in emerging markets. 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.

Read more ›FMO is the Dutch entrepreneurial development bank

2020 Performance

FMO is 50

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.

Letter of the Management Board

In July 2020, we celebrated FMO’s 50th birthday. Hundreds of colleagues joined the online celebration in which we commemorated half a century of empowering entrepreneurs to build a better world.

Read more ›Letter of the Management Board

About this report

FMO’s integrated annual report was prepared following the principles of the Integrated Reporting framework of the International Integrated Reporting Council (IIRC) and in accordance with the 'core option' of the Global Reporting Initiative (GRI)

Material topics

Every year, we confirm our material topics with our stakeholders through a survey and regular stakeholder dialogue.

Connectivity table

The material topics resulting from the 2020 materiality assessment are included in the following connectivity table.

External environment

Our markets have faced record-breaking capital outflows1 and recessions as a result of COVID-19, which has reversed some of the progress made in the past two decades towards reducing poverty and inequality.

Stakeholder dialogue

FMO's decisions affect others and vice versa. We discuss key matters with a diverse set of stakeholders and factor the outcomes into our decision-making, strategy and reporting.

Our value creation model

Our value creation model is based on the International Integrated Reporting Council's reporting framework.