The Nederlandse Financieringsmaatschappij voor Ontwikkelingslanden (Dutch finance company for developing countries) is a bank which supports the private sector in developing countries and emerging markets. The FMO gives loans for what are considered high-risk projects and has investments in some 40 countries totalling €4.2bn. The Dutch state owns 51% of the FMO while the Dutch banks have a 42% stake. The rest is in the hands of the business community, unions and private investors. The FMO booked net profit of €48m in 2008.All typical untranslatable Dutch words and expressions translated in the Dictionairy of Dutchness
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.Make a donation