Letter from the Management Board

In front of you is FMO’s annual report 2024, demonstrating our commitment to enabling entrepreneurs to increase inclusive and sustainable prosperity. Read more about Letter from the Management Board .

A selection of our investments

Red Rocket Holding, Cash Plus, Walo Storage S.A.S.U., and others. Read more about A selection of our investments .

External environment

The global landscape is evolving through a series of complex and interconnected challenges, including disruptive technologies, the climate crisis, geopolitical fragmentation and an increase in violent conflicts, particularly in FMO's geographies, Read more about External environment .

Our strategy

In the past few years, global developments and changing stakeholder expectations and regulations have affected FMO’s impact agenda such that we felt the need to review our ambitions and strategic priorities towards 2030. Our Strategy towards 2030: Pioneer - Develop - Scale, derives its name from our progression model. It shows our long-term commitment to companies, supporting them from an initial high-risk phase to the point where commercial investors can (partially) take over from FMO. Read more about Our strategy .

Our progression model

Our progression model is at the heart of our ‘pioneer, develop, scale’ strategy, where we enable customers throughout their development cycle with the most appropriate financing solutions. Read more about Our progression model .

Performance against our strategy

The following table provides an overview of our contribution towards the SDGs by strategic sector. Read more about Performance against our strategy .

Corporate governance

Good corporate governance at FMO is crucial for two reasons. The first relates to our mission to enable entrepreneurs to increase inclusive and sustainable prosperity. Read more about Corporate governance .

2025 Outlook

The IMF and the World Bank predict steady global economic growth of between 2.7 and 3.3 percent in 2025, which is broadly in line with growth rates in 2024.2223 Emerging markets (excl. Read more about 2025 Outlook .

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. Read more about In control statement .