According to the bank document, "FMO's funding aims at supporting the Fund's portfolio companies that are affected by the COVID-19 pandemic. Thus, the investment seeks to fill a financing gap and support decent work and economic growth".
Fortio Co. Ltd. ("Fortio") is a special purpose vehicle used as part of a COVID Liquidity Injection Plan ("CLIP") that is set up to provide liquidity support to portfolio companies of Falcon House Partners Indonesia Fund I (the "Fund") in which FMO is an existing investor. As such, the structure functions similarly to a quasi-annex fund or preferred equity facility to the Fund.
*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: firstname.lastname@example.org
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