Dutch development bank FMO bears responsibility for the destruction of livelihoods, economic losses and environmental damage caused by the construction of the Barro Blanco dam in Panama, according to a report by the bank’s Independent…
On Tuesday 28 June, the Honduran organisation COPINH and the Global Justice Association filed a complaint with the public prosecutor in the Netherlands against Dutch development bank FMO. For COPINH, this is part of their…
In a new Position Statement on Financial Intermediary (FI) Lending, Dutch development bank FMO argues for limited responsibility over the outcomes of investments that are channeled through commercial banks, investment funds, and other financial intermediaries,…
Members of the Indigenous Ngäbe Buglé people were brutally attacked by Panamanian police on Friday 29 October 2021 on a parcel of private land near the FMO-financed Barro Blanco hydroelectric dam. The victims, all members…
SOMO and other NGOs welcome the fact that FMO has ceased negotiations on a $60 million loan to the Honduran bank Ficohsa. Unfortunately this does not dispel all our concerns. For instance, we do not…
The Dutch development bank FMO is not sufficiently transparent about the projects it finances and is therefore acting contrary to its mandate. This is evident from a new report published by the International Accountability Project…
Both ENDS and SOMO welcome the announcement done today by the Dutch and Finnish development banks, FMO and FinnFund, to exit the controversial Agua Zarca hydroelectric project in Honduras. Conflict about the project has led…
Development banks should respect human rights in their investments around the world and ensure their activities are not putting human rights and environmental defenders at risk, said SOMO in a joint petition signed by over…
Less than two weeks after the brutal murder of Berta Cáceres, another COPINH advocate, Nelson García, was murdered in Honduras. Over the years, COPINH activists have faced violence and intimidation for their opposition to the…
Following the murder of human rights defender Berta Caceras, today various NGOs submitted a letter to the Dutch government concerning its responsibility to ensure the divestment of the Dutch Development Bank (FMO) from the Agua…
Kiad, Panama/Amsterdam/Bogota – Last Friday, a long-awaited report by an independent panel, found that FMO and DEG, the Dutch and German development banks, violated their own policies by failing to adequately assess the risks to…
Following years of community protests, the government of Panama temporarily suspended the construction of the Barro Blanco dam on 9 February 2015. Although the dam’s construction is nearing completion, the Movimiento 10 de Abril (M-10)…