HATCH ASSOCIATES LIMITED
Status: Completed 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
The Paraguay Banking Sector. Since 2012, FMO has been working with its client banks, non-FMO clients and other stakeholders on a Sector Initiative to collaboratively introduce higher environmental and social standards for the banking sector. FMO has focused primarily on managing the risks associated with natural habitat loss aspects of bank’s lending in agricultural and cattle sectors due to legal and illegal deforestation.
What is our funding objective?
For learning and accountability purposes, FMO is planning to outsource an evaluation on the Sector Initiative in Paraguay. The evaluation has two primary purposes: (i) to provide evidence of results to meet accountability requirements, and (ii) to promote operational improvement, learning and knowledge sharing through results and lessons learned. These lessons learned are deemed important for the continuation of this Initiative as well as any future Sector Initiatives to be supported by FMO.
Why do we fund this investment?
As a DFI, FMO has a role to play to support the banking sectors in the countries in which it operates, to improve environmental and social standards. This is timely in Paraguay where FMO has performed a sector initiative since 2012. It is crucial to assess the effectiveness of this sector initiative before its continuation.
- Region
- Latin America & The Caribbean
- Country
- Paraguay
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 7/16/2019
- End date
- 12/2/2020
- Total FMO financing
- EUR 0.07 MLN
- Funding
- FMO NV