Private Funding
BIO works to promote the creation of a strong private sector in emerging economies, to enable them gain access to prosperity and sustainable development. BIO invests directly in private sector projects. As of December 2011, the company's total asset base was valued at €618.4 million, consisting of €220.7 million in investments already funded and €397.7 in funds already committed but not yet disbursed. At that time, nearly 100 projects worldwide had received funding from BIO.[1][2]
BIO was formed in 2001 to fund investment projects in developing countries with a view to help those economies attain some of theMillennium Development Goals. At the beginning, the company financed regional or local intermediary structures, such as banks andinvestment funds. This was done to limit BIO's risks, allowing the company to benefit from the experience of more seasoned institutions. In 2004, it broadened its mission to the direct support of local SMEs in order to compensate for the reluctance ofcommercial banks, which are generally hesitant to finance SME activities. In 2010, BIO’s scope of activities was widened to include the funding of private infrastructure.[3]
Private Funding
Private Funding
Private Funding
Private Funding
Private Funding
Private Funding
Private Funding
Private Funding
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