The economic scenery is rapidly changing. Today, in addition to the more traditional markets (Western Europe, North America and Japan), an increasing number of countries in Asia, Latin America, Africa and Central and Eastern Europe are establishing market economy structures while gradually opening up their markets to foreign trade and investment; creating business opportunities for both local companies and Belgian enterprises wishing to enter or further penetrate those markets. However, in those developing or transitional countries, adequate financing is often not readily available.
The mission of the Belgian Corporation for International Investment (BMI-SBI) is to provide medium or long term co-financing to business ventures made by Belgian private companies abroad. BMI-SBI supports projects that are of general economic interest, (to both Belgium and the host country), financially viable and that offer realistic prospects of profitability whilst respecting the principle of sustainable development and social corporate responsibility.
In concert with the Belgian company, BMI-SBI offers tailor-made solutions taking into consideration the particular needs and risk profile of each individual project. As BMI-SBI sets out to be a genuine long-term partner, it provides comprehensive support as well as co-financing.
Since its creation in 1971, the BMI-SBI has invested in over 300 projects in more than 50 countries.
BMI-SBI is a limited company, with 63% of its capital held by the Belgian Government through the Belgian Federal Participation and Investment Company (Société Fédérale de Participations et d’Investissement -SFPI / Federale Participatie- en Investeringsmaatschappij - FPIM)and the National Bank of Belgiumand 37% held by banking institutions and other private companies.
Its registered capital amounts to € 36 million.
BMI-SBI's financial means can, in certain cases, be leveraged with considerable external financing capacities. It has received two endowments from the federal government and has concluded cooperation agreements with both the Flemish (PMV) and Walloon government (AWEX).
BMI-SBI also has privileged contacts with a number of international and supranational institutions (the IFC, EIB and EBRD). Through EDFI - an association of 16 European development finance institutions - it has access, indirectly, to the considerable financial means of its members. Several larger Belgian projects of a larger scale have already been co-financed by DEG, the German Development Corporation .