Letter from the ExCo of the Fund Manager
Dear reader,
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At a glance
The Development Accelerator I and II (DA) was established in 2018 by the Ministry of Foreign Affairs and is managed by FMO NL Business.
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Statement of financial position
At December 31, 2019
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Statement of comprehensive income / (loss)
At December 31, 2019
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Statement of changes in fund capital
At December 31, 2019
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Statement of cash flows
At December 31, 2019
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Summary of accounting policies
The annual accounts have been prepared in accordance with special purpose generally accepted accounting principles ("GAAP") and the remainder of this chapter describes the specific accounting policies applied.
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Notes to the annual accounts
Current account with FMO can be freely disposed of.
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Risk management
The Development Accelerator-DA (the Fund) aims to optimize development impact by providing early stage capital for projects in the Agri- food, water, health, and climate sectors in low- and middle-income countries.
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Colophon
Contact details Should you have any feedback or questions, please feel free to contact us.
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