FMO works with a network of selected partners across the world whose knowledge and expertise of specific sectors or developing countries enhances our own knowledge. Together with our financial partners, we finance projects and companies in all sectors that generate positive development impact. We also offer our partners long-term financial products and access to our global network and expertise in development finance, adding value to the transactions on which we collaborate.
The main challenge we face within Diverse Sectors is that it is difficult to find good deals that on the one hand fit our portfolio and on the other hand are large enough to be shared with our partners. Nevertheless we continued to strengthen relationships with our core partners and succeeded in sealing strong new partnerships in 2012. We reaped the benefits of the strategic partnership we entered into in 2011 with our German and French counterparts, DEG and Proparco, respectively, sourcing joint deals and improving efficiency for our clients. To cement this cooperation we signed a cooperation agreement and operational guidelines with these two parties.
IFC remains an important partner for FMO in sourcing Diverse Sectors deals.
FMO also has good relationships with the African Development Bank and EBRD, resulting in deals in Africa (mainly in energy and infrastructure) and Eastern Europe (in the financial sector and infrastructure), respectively.