• Cambodia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 11, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
The Cambodia Laos Myanmar Fund
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jun 25, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Cambodia Laos Myanmar Fund II is the second fund managed by credible and locally present fund manager Emerging Markets Investment Advisors. The Fund is the successor fund of the Cambodia Laos Development Fund established in 2011, in which FMO invested USD 4 million for a 20 percent stake from MASSIF. The Fund will be sector-agnostic growth capital fund and will focus on SME financing in Cambodia, Laos and Myanmar.

FMO will invest USD 10 million in the Cambodia Laos Myanmar Development Fund II. The Fund: - Focuses on three frontier markets (Cambodia, Myanmar and Laos) where impact potential is high; - Focuses on SME financing (minimum 80 percent) with a wide range of business models that create opportunities and impact for the upcoming middle class; - Provides access for FMO to Myanmar at a relatively low risk because of the multi-country focus; - Non-financial value added through e.g.: training, job creation, improved governance, labor practices, products and services newly offered to segments and geographies.

Financing for SMEs is highly needed but very scarce in the targeted developing market. The Fund will invest a minimum of 80 percent in SME's. The financial activities of the Manager, contributes to the understanding of and confidence in, equity-related financing among the entrepreneurial/SME communities in the focus countries, which adds to developing their financial sectors. The Fund will add non-financial value to SME's through: increase volume and quality of training, job creation, improved business governance, labor practices that they require from investees, taxes paid and products and services newly offered to segments and geographies.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at:

How it works

How it works