The Netherlands Development Finance Company (FMO) plans to invest a total of 1.1bn euros (US$1.60bn) in 2010, of which approximately 225mn euros will be invested in Latin America, Jaap Reinking, business development manager at FMO’s Latin American department, told BNamericas.
About 50% of those 225mn euros will be invested in the region’s financial sector, he said.
In 2009, FMO invested 920mn euros, of which 165mn euros where invested in Latin America.
FMO has chosen to focus on low income and middle to low income countries.
“Therefore, we’ll invest most in Central America, Colombia, Peru, Bolivia, Paraguay, Uruguay and some Caribbean islands,” said Reinking.
FMO is the international development bank of the Netherlands and invests risk capital in companies and financial institutions throughout developing countries.
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