FMO funding will support Munich Re "to directly invest in SDGs by participating in FMO transactions." Munich Re a global leader in reinsurance/insurance based in Germany. Great Lakes is a fully owned subsidiary of Munich Re and acts as a specialist provider of insurance services and the preferred facilitator of insurance business. As the project website states, this funding "helps achieve FMO's ambition of mobilizing commercial parties, maximizing global investment towards SDGs and investing in emerging markets. FMO can provide more capital and investment to its clients and help grow local prosperity in emerging markets."
*No project contact 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