Finnfund invests in business activities in developing countries
Finnfund grants long-term funding for responsible private business activities in developing and transition economies.
Finnfund is a Finnish state majority-owned development finance institution. It offers long-term risk financing and investment loans to companies operating in developing countries.
It aims to promote the economic and social development of developing countries by financing private business activities in them. Projects that are funded should meet certain criteria, including profitability, environmental and social responsibility, and measurable development impacts in the target country. Finnfund's own activities must also be economically viable.
Finnfund is capitalised from the development cooperation appropriations by approximately EUR 10 million a year. Additionally, convertible loans granted from the appropriations for development policy investments amounted to of EUR 130 million in 2016 and EUR 210 million in 2019. Finnfund's operating profit also increases its capital. In 2018, the value of Finnfund’s new financing decisions totalled EUR 154 million and its portfolio was EUR 551 million.
Read more about Finnfund's activities on Finnfund's own website(Link to another website.).