STICHTING HET WERELD NATUUR FONDS-NEDERLAND (FMO-55493)

Countries
  • Zambia
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
Approved
Bank Risk Rating
U
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
Feb 15, 2019
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
Stichting Het Wereld Natuur Fonds-Nederland
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
  • Infrastructure
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)
$ 0.19 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 0.17 MLN
Converted using 2019-03-15 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Mar 15, 2019


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Project Description

According to bank disclosure information, the objective will be to promote green technologies for industrial wastewater treatment and to identify innovative investment options, including private sector investment. Aim is to improve the treatment of industrial wastewater and reduce the discharge of pollutants in the Kafue flats. This river basin provides for most of the water for the capital, Lusaka, as well as most of the country's electricity and sustains the livelihoods of large numbers of people in rural and urban communities.

The partnership with Stichting Het Wereld Natuur Fonds-Nederland in this project will enable NLB FMO NL Business to create a pipeline of projects in Zambia for potential Dutch industrial wastewater treatment exporters.

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

*Contact information not 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