Project detail - EDFI MANAGEMENT COMPANY

EDFI MANAGEMENT COMPANY

Status: Approved investment
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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

EDFI Management Company (EDFI MC) is a specialized asset management company and a subsidiary of the Association of European Development Finance Institutions (EDFI). The public mission of EDFI MC is to support market development in low- and middle-income countries and to contribute to the Sustainable Development Goals (SDGs). EDFI MC focuses on business models, technologies and geographies where European DFI members are not able to operate at the desired scale given their resources and investment criteria. It accepts higher transaction costs and greater risks to enable other investors to deploy capital that they could not have invested otherwise.

What is our funding objective?

Providing additional financial resources to EDFI MC and strengthening its shareholder base.

Why do we fund this investment?

The investment will contribute to SDGs by supporting investment programmes managed by EDFI MC.

What is the Environmental and Social categorization rationale?

E&S categorization B (medium) confirmed. The company established an E&S policy and manual that is fully aligned with the latest harmonized EDFI standards. E&S is an integrated element in the investment process.

Country
Global
Sector
Infrastructure, Manufacturing and Services
Publication date
9/4/2020
Effective date
10/14/2020
Total FMO financing
EUR 0.16 MLN
Funding
FMO NV
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B