STICHTING HET WERELD NATUUR FONDS-N (FMO-55494)

Countries
  • Myanmar
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
A
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 22, 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 (“WWF-NL”)
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Infrastructure
  • Water and Sanitation
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)
$ 0.20 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 EURO 0.18 MLN
Converted using 2019-02-22 exchange rate.
Loan Amount (USD)
$ 0.20 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 0.18 MLN
Converted using 2019-02-22 exchange rate.
Project Cost (USD)
$ 0.20 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 0.18 MLN
Converted using 2019-02-22 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Aug 28, 2020

Disclosed by Bank Feb 22, 2019


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Project Description

According to the bank document, "the project aims to promote green technologies for industrial wastewater treatment and identify innovative investment options including private sector investment. The aim is to improve the treatment of industrial wastewater and reduce the discharge of pollutants in the Ayeyarawady river basin – by far the most important river in the country. 

The partnership with WWF-NL in this project will enable NLB FMO NL Business to create a pipeline of projects in Myanmar for potential Dutch industrial wastewater treatment exporters.  NLB will be expected to set up the Greenlines facility (SME financing for green technology) of the FI department of FMO".

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
  • WWF-NL -- Implementing Company
Contact Information
Project Contact: WWF-NL Website 
 
*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