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9 posts found.

Selected Category: Development Policy

Finnfund invests new government loan fully in gender and climate projects

The Finnish government has granted Finnfund a loan of 210 million euros from the state budget for 2018 and 2019 (read foreign ministry press release). Finnfund will invest the full amount in climate action and women’s empowerment in developing countries. “With this government loan, we can invest over 100 million euros in companies that boost […]

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Seminar: Sustainable development and climate action from African forests

How are the forests in Africa doing? What are the most cost-effective climate actions and can deforestation be slowed down? Is there demand for sustainably produced wood? Why is it so difficult to get private funding? What could the EU do? Forests, food production and climate change are closely linked to one another, professor Markku […]

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Finnfund invites comments on the draft Statement on Gender Equality

Preparing to its statement on gender equality, Finnfund wishes to give all those willing to comment on the first draft a chance to do so. Comments can be submitted until 4 February. Finnfund’s mission is to build a better world by investing in responsible and profitable businesses in developing countries. The promotion of gender equality, […]

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Finnfund’s human rights statement is ready

Finnfund’s human rights statement, aiming is to better integrate the UN Guiding Principles for Business and Human Rights (UNGP) into investment operations throughout the whole life cycle of an investment, is ready. Respecting and promoting human rights are at the very core of Finnfund’s work as a development financier and responsible impact investor. Responsible companies […]

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Independent assessment of Finnfund’s operations: Shifting the focus to the poorest countries succeeded without risking the development impacts and profitability

Finnfund has managed to invest more and more in the poorest countries and difficult sectors while maintaining its economic viability, states an independent evaluation commissioned by the Ministry for Foreign Affairs. “The investments that produce the most positive development effects are quite often also the most financially challenging due to their high risks. Finnfund appears […]

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Finnfund’s disclosure policy has been updated

Transparency is a key guiding principle in Finnfund’s operations. Transparent information on Finnfund’s operations is important to fulfilling its development mandate. Finnfund’s disclosure policy has been updated, aiming to make the text clearer as well as enhance disclosure, in particular, regarding companies financed through funds. The policy is effective from 1 October 2018. Finnfund’s disclosure […]

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Special risk financing instrument reintroduced

According to the Government’s ownership steering policy, the investment portfolio of the State’s development financing company Finnfund must invest in the poorest countries in particular, as well as in high-risk projects that have significant development impacts. In line with this policy, the Government has decided to reintroduce the special risk financing instrument worth EUR 75 […]

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Finnfund updated its strategy

Finnfund’s Board of Directors has approved a new strategy for the company, setting operational guidelines until 2025. Finnfund’s mission is to build a better world by investing in responsible and profitable businesses in developing countries. The company’s vision is to be, by 2025, a valued partner and frontrunner in impact among European development finance institutions. […]

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Evaluation of Finnfund’s special risk financing completed – the focus successfully shifted to the poorest countries

The evaluation of the special risk financing, commissioned by the Ministry for Foreign Affairs, which is responsible for steering Finnfund’s operations, has been completed. According to the evaluation, the special risk financing has worked out as planned, as the focus of Finnfund’s investment portfolio has shifted to the poorest countries and to high-risk projects with […]

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