Home News and publicationsNewsFinnfund’s initial reaction to the Gaipe Report News|2 November 2017Finnfund’s initial reaction to the Gaipe Report On 6 July 2017, FMO and Finnfund finalized their exit from the Agua Zarca project in Honduras. Following the murder of Berta Cáceres, a well-respected human rights activist, FMO and Finnfund publicly expressed the deepest sorrow at her violent death. We have called upon the Honduran authorities for a thorough investigation and continue this call to hold those responsible to account. FMO and Finnfund strongly reject any claim of illegality regarding our role in any project. At all times, we operate within the applicable legal framework. It is important to note that we were never consulted for the Gaipe report and we do not recognise the allegations we have come across. We will now study the report in more detail and consider our next steps. We are development finance institutions. We partner with others to invest in local prosperity because we care about people; so much so that we invest in countries where prosperity is not a given. Therefore, FMO and Finnfund condemn all kind of violence, do not tolerate illegal conduct and are serious about respecting human rights. Finnfund has strengthened its own investment and monitoring processes. One of the aims is to better account for risks related to changing socio-political environments, and to provide support for the projects and project companies in changing environments. Finnfund also seeks to ensure that indigenous peoples’ rights are respected and local communities and other stakeholders are heard also in countries, where the state is not capable to fulfil its obligations under international principles. We cannot stress enough that we too want justice to prevail so that those responsible will be held to account through a fair trial. FMO: Agua Zarca For more information: Jaakko Kangasniemi, Managing Director, jaakko.kangasniemi(a)finnfund.fi, tel. +358 40 577 7676 Categories: News2017 Share: Link to Linkedin Link to Facebook Link to Twitter Link to Bluesky Latest news News and publications News 29 January 2026 Finnfund’s Uusihakala: “Fixed broadband is the key to tackling poverty in developing countries” The three digital divides The Coverage Gap refers to people living in areas without… News 28 January 2026 Finnfund strengthens support to women entrepreneurs in Pakistan through Kashf Foundation Finnfund has announced a follow-on loan of 10 million US dollars to Kashf Foundation… News 26 January 2026 Finnfund’s Jussi Tourunen: “Energy solutions impact our planet’s future—Planetary boundaries now guide investment decisions” Investing in energy has become an increasingly central theme for development finance institutions such… News 22 January 2026 Softlogic Life sets up growth roadmap with long-term capital from OP Finnfund Global Impact Fund I and Norfund Softlogic Life Insurance PLC, Sri Lanka’s leading life insurer, has secured a landmark 15… News 21 January 2026 Finnfund announces new investment in Indian green financing Finnfund has announced a 12 million US dollars senior secured loan facility to Mufin… News 20 January 2026 Finnfund invests in Transvolt Mobility to support the electrification of heavy commercial vehicles in India Finnfund, the Finnish development financier and impact investor, announces a 15 million US dollar… News 04 December 2025 Finnfund’s Kuutti Kilpeläinen: “Fibre networks are the best way to bridge the digital divide and invest with impact in emerging markets” A major investment theme for next year: fibre networks. According to Kilpeläinen, fibre networks… News 28 November 2025 Best wishes for the holiday season and a happy New Year! News 25 November 2025 Finland and the EU launch major programme targeting to mobilise up to 2 billion euros for projects that advance digitalisation in Africa, Asia and Latin America Finnfund, a Finnish impact investor, is joining forces with the European Union to launch… News 22 October 2025 Finnfund and OeEB invest in CRDB Bank Burundi to support financial inclusion Finnfund, the Finnish development financier and impact investor, and OeEB, the Development Bank of… Scroll left Scroll right