Finnfund finances business activity
Finnfund grants long-term funding for responsible private business activities in developing countries and countries in transition.
Finnfund is a development finance company whose main shareholder is the Finnish State. It offers long-term risk capital and investment loans for viable projects in developing countries and Russia.
Finnfund aims at promoting economic and social development in developing countries by financing responsible private business activities in them in a self-supporting manner. In addition to commercial viability, it emphasises activities with favourable impacts on development and the environment. About EUR 10 million from the development cooperation appropriations are used annually to capitalise Finnfund. In addition, Finnfund’s profit increases its capital. Finnfund’s new investment decisions in 2016 amounted to EUR 152 million and the value of its investment portfolio was EUR 356 million.
Find out more about Finnfund’s activities on its own website.