The Dutch Minister of Finance, Wopke Hoekstra, briefed the Dutch parliament and the Senate of Developments on Invest International, a new state-owned investment company for sustainable development in low-income countries. Because Invest International does not need to compete with private investors, they will be able to provide financing options for applicant companies who would be denied credit in the private market.
Invest International has a starting capital of US$697 million and will receive US$8 million in annual funding. The company has two shareholders: the Dutch government and the Dutch Development Bank (FMO), owning 51% and 49% of the shares, respectively.
The Minister of Finance also assigned Joost Oorthuizen as Chairman of the Board of Directors and Ineke Bussemaker as Chairman of the Supervisory Board. Both will take office starting October 18, 2020, in temporary positions during the build-up phase of Invest International.