Annual and interim reports

Economic outlook

The IMF expects global growth to decelerate from 5.9% in 2021 to 4.4% respectively in 2022.1 Advanced economies are projected to return to pre-pandemic output levels by 2023.

Priorities in 2022

In line with our strategy, our priorities in 2022 will be towards building back business, adapting to regulatory changes and accelerating organizational development.

In control statement

FMO has internal risk management and control systems that enable us to take risks and control them and that are based on international best practices.

Report of the Supervisory Board

For the second year in a row FMO had to deal with challenging circumstances. Externally, the organization once again focused on standing by its customers.

Read more ›Report of the Supervisory Board

Corporate governance

The Supervisory Board ensures that FMO adheres to all applicable corporate governance codes, further described in the chapter on corporate governance.

Proposals and recommendations to the Annual General Meeting

Having stated all of the above, the Supervisory Board endorses the report of the Management Board. We propose that the AGM adopt the 2021 Annual Accounts audited by EY Accountants LLP.

Read more ›Proposals and recommendations to the Annual General Meeting

Members of the Supervisory Board

Read more ›Members of the Supervisory Board

Corporate governance

Good corporate governance at FMO is crucial for two reasons. The first reason relates to our mission to empower entrepreneurs to build a better world.

Governance structure

FMO’s corporate governance structure is based on the premise that FMO is a long-term partnership of stakeholders who, directly or indirectly, influence or are influenced by the achievement of our objectives.

Risk management framework

FMO has implemented a comprehensive risk management framework that reflects its banking license, support agreement with the Dutch State, and its mandate to do business in high-risk countries.