FMO intends to participate in senior and long term EBRD-led loan to finance MCSCC's investment programme of the construction of a new mineral water production and bottling plant in Selenge province of Mongolia and partially refinancing the existing loans.
FMO stated that MCS Coca Cola (“MCSCC”) started its operations in 2001 and has become the largest producer, bottler and distributor of branded soft drinks and water in Mongolia. MCSCC is part of MCS Group being one of the biggest business holdings in the private sector in Mongolia that conducts diversified activities across beverages, telecommunications, energy and real estate sectors.
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