According to FMO website, International Asset Reconstruction Fund II is an investment vehicle, with the purpose of investing in distressed and non-performing assets in India. The project aims to buy distressed assets from local Indian banks, which gives relief to the Indian banking sector by freeing up locked in cash. FMO was the first foreign Institution to invest in an Asset Reconstruction Company in India and thereby has an impact on the development of trade in Distressed Assets which gives relief to the Indian banking sector, frees up locked in cash and helps operating distressed companies back into health. This fits well in FMO's strategy to be innovative and have development impact.
International Asset Reconstruction Fund II is an investment vehicle, with the purpose of investing in distressed and non-performing assets in India.
No contact information provided at the time of disclosure.
ACCOUNTABILITY MECHANISM OF FMO
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: https://www.fmo.nl/