According to FMO website, with the GEL-loan, FMO supports the natural growth of the Bank's overall loan portfolio in local currency. Minimizing the forex risk for the Banks clients. Due to an active de dollarization policy of the Central Bank, there is a scarcity in the market for GEL. With this facility FMO supports the Bank.
Bank of Georgia on one of the largest privately owned banks in Georgia. The Bank has a Premier listing at the London Stock Exchange and is exempt from disclosure prior to contacting. (share sensitive information).
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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/independent-complaints-mechanism