Annual and interim reports

COVID-19

COVID-19 has affected the people in our markets, our customers and FMO. Companies in emerging markets, particularly micro, small and medium enterprises (MSMEs), have experienced falls in demand, distorted supply chains, and production shutdowns.

Higher impact portfolio

We create higher impact by investing in regions where our impact can be greatest and in sectors that are crucial to economic, environmental and social progress.

Core focus SDGs

Private business activity, investment and innovation are major drivers of productivity, inclusive economic growth and job creation.

Sector focus SDGs

By financing businesses across the entire agri-food chain we contribute to SDG 2, Zero Hunger.

ESG risk management

We have five management tools for tracking ESG performance:

Deeper relationships

FMO attaches strategic importance to deepening relationships with our stakeholders, because by pooling resources and partnering with others we can significantly increase our impact.

Higher productivity

During the COVID-19 pandemic, FMO has demonstrated it is resilient and can carry out its mission while operating in a robust, effective and efficient way.

Financial performance

At the end of 2020, FMO noted a net loss of €205 million. Our first loss since 1991 is largely driven by a decrease of the fair value of FMO’s private equity portfolio (including investments in associates).

2021 Outlook

In 2021, our focus will be on supporting our customers' recovery from the COVID-19 pandemic and ensuring we comply with (new) rules and regulations.

Economic outlook

In 2020, central banks’ quantitative easing measures and governments’ fiscal stimulus packages addressed financial market dislocations and dampened the economic fallout of COVID-19.