HATCH ASSOCIATES LIMITED (FMO-56131)

Countries
  • Paraguay
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.
Borrower
Government of Paraguay
The holder of the loan, grant, or other investment.
Sectors
  • Finance
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)
$ 0.08 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.08 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 0.07
Converted using 2019-07-16 exchange rate.
Primary Source

Original disclosure @ FMO website

Updated in EWS Apr 2, 2020


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Project Description

The Paraguay Banking Sector. Since 2012, FMO has been working with its client banks, non-FMO clients and other stakeholders on a Sector Initiative to collaboratively introduce higher environmental and social standards for the banking sector. FMO has focused primarily on managing the risks associated with natural habitat loss aspects of banka€™s lending in agricultural and cattle sectors due to legal and illegal deforestation.

FUNDING OBJECTIVE

For learning and accountability purposes, FMO is planning to outsource an evaluation on the Sector Initiative in Paraguay. The evaluation has two primary purposes: (i) to provide evidence of results to meet accountability requirements, and (ii) to promote operational improvement, learning and knowledge sharing through results and lessons learned. These lessons learned are deemed important for the continuation of this Initiative as well as any future Sector Initiatives to be supported by FMO.

WHY WE FUND THIS PROJECT

As a DFI, FMO has a role to play to support the banking sectors in the countries in which it operates, to improve environmental and social standards. This is timely in Paraguay where FMO has performed a sector initiative since 2012. It is crucial to assess the effectiveness of this sector initiative before its continuation.

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

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