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5 posts found.

Selected Category: Development Policy

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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