According to FMO website, Eco-Business Fund is a Luxembourg-based open-ended investment fund managed by Finance in Motion. It comprises two sub-funds, each with a distinct regional focus. Eco-Business Fund I concentrates on investments in the Latin America and the Caribbean region, while Eco-Business Fund II targets Sub-Saharan Africa.
EBF I’s core focus is to promote business and consumption practices that contribute to biodiversity conservation, the sustainable use of resources, and to mitigate climate change and adapt to its impacts. This is predominantly done by offering debt products to local FIs which in turn on-lend to businesses that are either certified by sustainability standards or seek funding for specific green products. To a limited extent, the fund further provides debt to corporates with a strong impact mandate. The main sectors include agriculture, fishery, forestry and tourism.
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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/