Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Sri Lanka
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Bank Risk Rating: C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-06-23
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Asian Alliance Insurance PLC
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-12-11
SOFTLOGIC LIFE INSURANCE PLC
FMO-31821

Project Description
This projects buys Soft Logic Group shares to improve Soft Logic Group's balance sheet. With DEG, the FMO has appointed board of director members that they hope will improve efficiency and assist with new projects, as well as capacity development funding they hope will stimulate hiring actuarial expertise.
Investment Description
FMO: 313,908.60 USD