According to FMO, the project aims to "deliver long term stable funding for the bank to finance the business banking activities. The funding will be provided in the form of a syndicated loan in order to diversify the funder base of Nations Trust Bank LTD."
FMO stated that "Nations Trust Bank LTD is an existing client of FMO with a strong track record of performance, a specific focus on supporting SME's and very healthy growth opportunities. Apart from offering long term funding to the bank, FMO sees an important role in bringing in new (commercial) lenders to fund the bank and helping it to further diversify its funding profile."
*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/independent-complaints-mechanism