WASHINGTON — Belgium’s development finance institution, the Belgian Investment Company for Developing Countries, or BIO, is in the process of doubling its investments, in part as a response to the growing role of private capital in addressing development challenges.
The agency will soon have a total of $1 billion in investments, and as it grows in size, BIO is trying to maintain its focus on supporting small- and medium-sized enterprises in least-developed countries, BIO CEO Luuk Zonneveld, told Devex in an interview.
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