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FMO Reports Record Profits Amidst Global Development Aid Cuts
Despite global cuts in development aid, the Dutch development bank FMO reported record profits of €297 million in 2024, investing €3.8 billion in agriculture, finance, and renewable energy projects, a strategic shift that has increased profitability and attracted projects from other organizations.
FMO Reports Record Profits Amidst Global Development Aid Cuts
Despite global cuts in development aid, the Dutch development bank FMO reported record profits of €297 million in 2024, investing €3.8 billion in agriculture, finance, and renewable energy projects, a strategic shift that has increased profitability and attracted projects from other organizations.
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