Searchresults for '5'

46 results.

NGOs and local stakeholders have become more vocal

Local communities, NGOs, governments and the media increasingly expect development banks to foster local prosperity through investments with a positive impact on local communities.

Stakeholder engagement

FMO proceeded in 2017 to strengthen its relationships with Dutch stakeholders. These include the State of the Netherlands, Dutch civil society and Dutch businesses. In particular, in the field of sustainability, engagements were intense.

Independent complaints mechanism

FMO has an Independent Complaints Mechanism (ICM) together with the Deutsche Investitions- und Entwicklungsgesellschaft (DEG). This allows affected parties the possibility to raise their complaints with an Independent Expert Panel (IEP).

Consolidated profit and loss account

For the year ended 31 December 2017

Significant accounting policies

The annual accounts are prepared in accordance with the financial reporting requirements as included in Part 9 of Book 2 of the Dutch Civil Code with the allowed application of the accounting policies (EU-IFRS) as set forth in the consolidated

FMO impact model

We continue to use the FMO impact model to estimate the total number of direct and indirect jobs supported by FMO’s investments over the year.

Off-balance sheet information

The company issued guarantees regarding principal and interest repayments for a number of projects. The nominal amount of the guarantees is valued at the exchange rate as per December 31, 2017 and December 31, 2016.

Key figures

The figures and percentages mentioned throughout this integrated annual report are the figures related to the financing activities from FMO’s own funds including the FOM facility. FMO also manages several funds for the Dutch government.

Company balance sheet

As at 31 December 2017

Financial inclusion in a challenging place

Afghanistan |The First MicroFinance Bank, Afghanistan Sector | Financial Institutions