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 04 May 2026 Finnfund’s portfolio totals 857 million euros – more focus on advancing digitalisation and mobilising private capital through EU guarantees Global tensions, shifting market conditions and growing geopolitical challenges shaped Finnfund’s operating context in… News 15 April 2026 Finnfund invests USD 15 million in Toucan Forestal to restore forests and advance nature‑positive impact in Panama Finnfund, the Finnish development financier and impact investor, has signed a 15 million US… News 08 April 2026 Finnfund makes its first investment in Kyrgyzstan with a 10 million US dollar loan to Bailyk Finance, one of Kyrgyzstan’s largest microfinance institutions Finnfund, the Finnish development financier and impact investor, has signed a 10 million US… News 16 March 2026 Finnfund Digital Access Impact Fund I invests in Ecofy to accelerate India’s retail green finance market Ecofy, a pioneering green NBFC backed by Eversource Capital, today announced the successful closure… News 05 March 2026 Finnfund’s Economist Tangeni Shatiwa: A weaker dollar is steering global investors toward emerging markets International investors are now allocating funds to emerging market (EM) assets at the fastest… News 23 February 2026 Finnfund’s Hanna Loikkanen: Impact investing captivates private investors The allure of impact investing among private investors is surging, with an increasing number… News 19 February 2026 Finnfund expands support for digital infrastructure and climate action in South Sudan with follow-on investment in CREI Finnfund, the Finnish development financier and impact investor, makes a follow-on investment in Communication… 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… Scroll left Scroll right