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
Read more ›2021 Performance
Letter of the Management Board
There are eight years left for the world to achieve the Sustainable Development Goals (SDGs) and we still have a long way to go. The widely different way in which countries have recovered from the pandemic has caused inequality to increase.
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About this report
This integrated annual report covers activities that took place or had an effect on the reporting year. The report covers the period from 1 January to 31 December 2021 and was published on 16 March 2022, on FMO’s website.
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The world around us is constantly changing and is becoming increasingly complex. In 2021, FMO continued to adapt to the realities of a global pandemic and the uncertainties that came with it.
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We see stakeholder engagement as a two-way dialogue. On the one hand we reach out to stakeholders to create partnerships, invest together, harmonize our approaches, and seek insights to inform our policies.
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Our value creation model
Our value creation model is based on the International Integrated Reporting Council's reporting framework.
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Since 1970, FMO has made a positive difference in developing countries by empowering entrepreneurs to build a better world.
Read more ›Operating context
Our business model
Our value creation starts with human, intellectual, financial, social and relationship capital, known as ‘inputs’:
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Potential risks and opportunities
Considering current internal and external developments, we present an overview of several strategic challenges and the risks and opportunities these present to FMO's ability to create value in the short to medium term.
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