French Proparco joins Independent Complaints Mechanism of DEG and FMO
News from 2018-07-26 / DEG
The French development finance institution Proparco will be joining the complaints mechanism of DEG and the Dutch FMO. The Independent Complaints Mechanism (ICM) is a joint initiative of FMO and DEG and was established back in February 2014.
It allows individuals, organisations or other parties who believe to be adversely affected by an investment financed by DEG or FMO to file a complaint. An independent, international expert panel examines whether the complaint is admissible and takes further action. From 31 January 2019, this mechanism will also apply to Proparco-financed operations.