IFC (FMO-50846)

Countries
  • Vietnam
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.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 25, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
International Finance Corporation (IFC)
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.02 MLN
Converted using 2017-01-25 exchange rate.
Loan Amount (USD)
$ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 0.02 MLN
Converted using 2017-01-25 exchange rate.
Project Cost (USD)
$ 0.02 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 0.02 MLN
Converted using 2017-01-25 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Aug 28, 2020

Disclosed by Bank Jan 25, 2017


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Project Description

According to the project document, "the aim is to follow-up on the Related Party Transaction (RPT) guidebook that has been created by FMO and IFC and published at the beginning of 2016. The next will be a RPT e-learning sector initiative for the Vietnamese banking sector (including FMO clients and non-clients). The sector initiative, if successful, will facilitate finding new clients and improve the management of RPTs throughout the sector. FMO promotes adequate management of RPTs throughout the Vietnamese banking sector."

https://www.fmo.nl/project-detail/55697

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
Contact Information

1/ Project Contact

Website client:

IFC's website:https://www.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/home

*There is no information being disclosed at this stage of the project*

 

ACCESS TO INFORMATION 
As part of FMO’s “ex-ante disclosure” (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl
 
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/independent-complaints-mechanism