Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Paraguay
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)
Status: Signed
Bank Risk Rating: U
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.
Investment Amount (USD): $ 0.16 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 0.14 MLN
Converted using 2017-11-03 exchange rate.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-11-03
WORLD RESOURCES INSTITUTE
FMO-50743

Project Description
WHO IS OUR CLIENT The World Resources Institute will act as FMO's contracting party, undertaking work that will benefit in the first instance FMO's Financial Sector clients in Paraguay, but also the global financial sector. FUNDING OBJECTIVE The aim of this funding is to support the further development of Global Forest Watch (GFW) through creation of an application - GFW Finance - designed for the needs of financial institutions as they relate to environmental and social (E&S) risks relating to forests. It will provide near-real time information about forests, not only in Paraguay, but globally. GFW Finance will evaluate risks in forest commodity investments, identify potential E&S impacts, and track performance to meet internal and external reporting commitments, helping financial institutions focus their resources on what will have the greatest impact in their forest-related commodity investments and assets. It is also a workflow tool to support the process. WHY WE FUND THIS PROJECT This project is highly strategically relevant for FMO's strategy in Paraguay as it lifts the quality of E&S management in the country's financial sector. There is a good fit with FMO role as a sector-wide change agent in a country with urgent and challenging E&S dilemmas and few local incentives for improved E&S performance. The project addresses a pressing need for accurate and timely data for decision making and client engagement, and furthermore has utility beyond Paraguay.
Investment Description
Contact Information
FMO The Netherlands +31 70 314 96 96 info@fmo.nl Anna van Saksenlaan 71 2593 HW, The Hague The Netherlands FMO South Africa +27 11 507 2500 joburg-office@fmo.nl Regent Place, 2nd Floor Cradock Ave, Rosebank 2196 Johannesburg South Africa