FMO’s Dutch government-backed Facility Emerging Markets (FOM - 'Faciliteit Opkomende Markten') has given out its 100th loan. The financing in question is a USD 3,0 million loan to Argentine company Alimentos Modernos S.A., a full subsidiary of Dutch company Farm Frites, which is active in the breeding, selection, processing and packaging of potato products and operates in 50 countries.The financing will be used mainly for investments in machinery and improvement and maintenance of AMSA’s production plant in Argentina.
About FOM
With FOM, FMO stimulates Dutch enterprises to invest in emerging markets and developing countries. FOM is a joint initiative of the Dutch Ministry of Economic Affairs and FMO. FOM provides medium and long term loans to companies or joint ventures in emerging markets that are majority owned or controlled by Dutch enterprises.
For more information, click here, or contact the FOM team at +31 (0)70 314 95 52 or FOM@FMO.nl.
About FMO
FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on four sectors that have high development impact: financial institutions, energy, housing, and agribusiness. With an investment portfolio of EUR 5 billion, FMO is one of the largest European bilateral private sector development banks. www.fmo.nl
