About this report

This integrated annual report covers activities that took place in or had an effect on the reporting year. The report covers the period from 1 January 2024 to 31 December 2024 and was published on 24 March 2025 on FMO’s website. Read more about About this report .

Report of the Supervisory Board

The year 2024 has been a strong year for FMO; building on our foundations and positioning the organization for future success. Read more about Report of the Supervisory Board .

Risk management

This chapter provides an overview of FMO's risk governance and risk management approach. The sections describe the risk domains relevant to FMO and developments throughout 2024. Read more about Risk management .

Alternative performance measures 

An alternative performance measure (APM) is a financial measure of historical or future financial performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework. Read more about Alternative performance measures  .

Independent auditor’s report and assurance report

For the independent auditor's report and assurance report we refer to the PDF version on our website. Read more about Independent auditor’s report and assurance report .

Additional information

The provision and the appropriation of the net profit is based upon the Articles of Association and the Agreement State-FMO of July 1, 2023. Read more about Additional information .

Disclaimer

This annual report (“Annual Report”) of Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”) has been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (“IFRS-Eu”) and Read more about Disclaimer .