Dutch development financier FMO may pour another $1.4 million into a second fund for Emerging Markets Investment Advisers in a move to bolster its portfolio in the face of COVID-19.
As the international development bank of the Netherlands, FMO hopes increased funding will replenish follow-on reserves of the Cambodia-Laos-Myanmar Development Fund II.
“While the Fund’s investees have shown resilience, capital earmarked for future growth has been depleted to cover working capital and operating expenses during the lockdown. The Fund’s follow-on strategy has also been affected,” the bank said in an investment proposal.
