FMO is the Dutch development bank. FMO supports sustainable private sector growth in developing markets by investing in ambitious entrepreneurs and projects. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO

specializes in sectors where its contribution can have the highest long-term impact: Financial institutions, Energy, Housing and Agribusiness, food & water. When financing companies and projects in other sectors such as telecoms and infrastructure, we work with a worldwide network of partners with thorough expertise in that area.With an investment portfolio of EUR 5.9 bn, FMO is one of the largest European bilateral private sector development banks. Inter-consult Ltd 2014 Annual Report and audited financial statements. Founded in 1970, FMO is a public-private developmen bank. The Dutch government is our major shareholder, holding a 51% stake. Other shareholders include large Dutch banks, employers’ associations, trade unions and individual investors. We comply with internationallyac cepted banking standards and are supervised by the Dutch Central Bank. FMO is rated triple-A by Standard & Poor’s. FMO’s solid profile and high quality portfolio allows us to invest in higher risk markets, either with our own capital or on behalf of the Dutch government.

We principally provide long-term finance, although we also offer shorter-term project financing. We work with clients to understand their specific needs, tailoring the financial package to fit. Our participation often acts as a catalyst – attracting interest from other suitable investors who would otherwise avoid what are still considered higher-risk projects.