FONDO ADAPTACION
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Fondo Adaptacion, Colombia
What is our funding objective?
Project development capital
Why do we fund this investment?
Positive impact – the project is expected to qualify as a “green project” and contributes to several SDGs (e.g. 2, 9 and 13). Dutch interest – There is interest from Dutch companies to participate in this project and to unlock this potential further. FMO NLB proposed to fund part of the structuring of this project.
What is the Environmental and Social categorization rationale?
Notwithstanding the overall positive environmental aims of the project, taking into account the scope and seize of the full project and its sub-projects, E&S categorization based on expected E&S risks/impacts and country/regional context is A. PS 1 (assessment and management), 2 (labor), 3 (environment), 4 (community health and safety), 5 (land acquisition, resettlement), 6 (biodiversity) and 8 (cultural heritage) are most probably triggered. PS 7 (indigenous peoples) is expected to be not applicable. Impacts are expected to be well managed through sound assessment, public participation and proper implementation of mitigation measures as required.
- Region
- Latin America & The Caribbean
- Country
- Colombia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 4/26/2018
- Total FMO financing
- EUR 0.18 MLN
- Funding
- Development Accelera