FMO aims to realize its vision by working with the private sector in developing countries. Our customers and partners create impact on the ground. Through their activities, for instance, they support jobs and provide access to finance or electricity. We closely collaborate with and empower local entrepreneurs to maximize their positive impact, while minimizing their negative impact. We aim to engage more with other local stakeholders to provide further insights in how to do this in the best way possible.
To achieve the SDGs and scale up our impact, we need to pool our resources and work with others. Deepening our relationships will enable us to mobilize third-party funds and create investment opportunities to increase our impact in our markets. This is important for several reasons. First, to close the financing gap: in 2014, the UN estimated an additional US$2.5 trillion a year is needed in developing countries alone to achieve the SDGs. Second, to facilitate learning and achieve more by harmonizing the way stakeholders measure and report on impact. Third, to address the lack of bankable projects in these markets. FMO and other stakeholders need to get involved much earlier in the development phase of a project and support projects throughout the entire life cycle.
FMO will increase and strengthen its partnerships with (existing) donors on a national, European and global level. We will continue to manage several public programs to invest early on in projects, take higher risks and achieve our higher impact objective. We will continue to grow our mobilizing activities to increase the (private) capital flow towards developing countries.
- 1 UNCTAD (2014). World Investment Report 2014.