FROM THE FMO:
WHO IS OUR CLIENT
Our client is the open-ended debt fund called eco.business Fund.
The mission of this Fund is to promote business practices contributing to the sustainable use of natural resources and biodiversity conservation in the LAC region, through the provision of dedicated financing and technical assistance. The main product of the Fund will be senior loans to local financial institutions, which in turn will on-lend to businesses (e.g. coffee farmers, cacao producers, tourism entrepreneurs, foresters, pineapple processing companies) that are certified by sustainability standards (like FSC, Rainforest Alliance, UTZ, Fair Trade) or that seek funding for specific green projects (such as drip irrigation, native crops production). Priority sectors will be agriculture, fishery, forestry and tourism. The Fund will initially focus on highly bio-diverse countries like Colombia, Ecuador, Peru and countries in Central America.
WHY WE FUND THIS PROJECT
The Fund allows FMO to contribute to biodiversity conservation and sustainable use of natural resources, which is essential for a world in 2050 in which 9 billion people live well and within the means of the planet's resources.
The FMO is providing USD 10.10 million in financing to the Fund for this project, in addition to two other USD 7.58 financing projects for the Fund.
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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/