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Evaluation of FMO (the Dutch Development Finance Institution)

The final report of the evaluation of FMO (the Dutch Development Finance Institution) provides insights into FMO’s achievement of its strategic objectives of development impact, additionality and mobilisation of capital, as well as its management of environmental and social issues between 2014 and 2018.

The evaluation team analysed FMO’s portfolio, mapped the policies and processes in place to achieve the strategic objectives and assessed practice against intended processes through a desk review for 30 investments and four country case studies. We also assessed FMO’s environmental and social risk management processes against the performance standards and against peer institutions.

The findings include a detailed analysis of the FMO-A portfolio as well as assessment of its processes and practices to achieve additionality, mobilisation, development impact, environmental and social risk management and reflections on the strategic positioning of FMO. The report authors draw a set of conclusions on the implications of these findings for the Ministry of Foreign Affairs and FMO – and the necessary trade-offs between these strategic objectives across a portfolio. It also outlines a set of recommendations, taking into account the Ministry of Foreign Affairs’ and FMO’s future strategic options.

FMO has responded to the evaluation with a commitment to follow-up on the recommendations.

Read FMO’s full management response.