Original disclosure @ FMO website
Updated in EWS May 15, 2020
Disclosed by Bank May 6, 2020
Can you contribute information about this project?
Contact the EWS Team
The transaction with I&M Bank Rwanda will allow FMO to expand its regional scope by increasing its footprint in East-Africa's LDCs and by seeking exposure outside of the larger markets (South Africa and Kenya). In addition, I&M Bank Rwanda is part of the I&M Bank Group, long-standing partner of FMO. Through this transaction, we intensify our increasing collaboration with I&M in all countries of operations. This transaction provides FI with the opportunity to support green financing for the first time in Rwanda.
The proceeds of the loan will be used for general purposes and, on a best effort basis, for green lending (mainly hydro projects).
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