FMO is a Dutch development bank that invests with the aim of enhancing local prosperity in developing countries and by taking risks that the commercial banking sector is not willing to take. The focus is on the private sector in the following industries: Energy, Financial Institutions and Agribusiness, Food & Water. Through investments in these industries, they empower entrepreneurs to build a better world. FMO's role extends beyond financing, as they challenge and support businesses to meet international environmental, social and governance standards. These businesses, in turn, support job creation, reduce inequality and contribute to climate action. FMO offers equity, loans and guarantees; capital market transactions; long-term and short-term project financing; access to expertise, vast network and partnerships; training in sustainable business practices. The bank invests either its own capital or on behalf of the Dutch Government. The bank is founded in 1970 as a public-private partnership. 51%-owned by the Dutch State, 42% of shares held by commercial banks (Rabobank, ING, ABN Amro) and 7% held by employers' associations, trade unions and other private entities.