Our outlook for 2018 is overall positive with expected economic growth in developing countries and emerging markets of 4% on average. We are positive that in the current external environment we will be able to attract sufficient funding and find skilled employees, which should enable us to carry out our plan for 2018.
To support economic growth and decent jobs, we aim to close a total of EUR 2.5 billion new commitments in 2018, similar to the target for 2017. This number includes EUR 0.9 billion of catalyzed funds. In addition, FMO aims to invest close to EUR 160 million through government funds MASSIF, AEF and IDF. We will increase our focus on high-impact transactions, fostering local prosperity where we invest. To contribute to climate action, we target 32% of new commitments to be in green investments. In addition, 25% of new commitments are earmarked to contribute to reducing inequalities.
Further execution of our sustainability agenda remains a priority. With regard to managing the ESG risks in our portfolio we have set a working goal for 2018, subject to review as we gather baseline data from across the portfolio and embed the new system. The goal aims to ensure that at least 90% of high-risk items are at least partially managed and on a clear pathway to improvement within one year after contracting of the projects concerned. In addition, we will continue the development of the GHG measurement frameworks and tools required to inform our climate action strategy.
During 2017, we prepared ourselves for the establishment of Invest-NL and for a joint venture with FMO’s NL Business activities which is envisaged to be incorporated in 2019. In the meantime we will continue to support Dutch companies investing in our markets through services ranging from support in early stage project development to providing export finance. Our aim is to close EUR 100 million of new commitments that are Dutch business related.
In 2018 an independent external consultancy firm will perform an in-depth client satisfaction survey (2015: 8.6 out of 10). The findings from this survey will among other things serve to inform the refinement of our steering metrics (see below).
To achieve our ambitions for 2025, we will continue to optimize the organization and how we empower and steer our people. To do this, several projects and initiatives will be undertaken.
In the first place, we will implement Front Office and Performance Management change programs. These programs will facilitate personal leadership and collaboration for the effective achievement of organizational and personal goals. A second crucial initiative concerns the BPO project, increasing operational efficiency of the organization. The BPO project will be implemented in 2018 and the first half of 2019. A third initiative involves the refinement of the steering metrics, which were developed and implemented in 2017. We will use the experience we gain in using the steering metrics, as well as the development of our climate action strategy, to further inform our strategic ambitions and future target setting.
Finally, we will continue our Information Management program. Improving our data and information management will support effective decision-making and address the increasing demand from our stakeholders for transparency on how we work and accountability for the results we achieve.