Both ENDS
It can be hard to establish small-scale adaptation projects in developing countries, because governments, development banks and donors generally prefer to finance larger initiatives. Of course, a single large project is more visible and easier to manage than ten small ones. But it is extremely important that the very small-scale initiatives, which are based on the knowledge and needs of local communities, are supported. How can we ensure that these - often very effective - local projects find their way to the appropriate funds and vice versa?
TEGUCIGALPA/UTRECHT, January 12, 2026 – The murder of indigenous environmental activist Berta Cáceres, which took place almost 10 years ago in Honduras, appears to be the result of an organized criminal operation, in which funds from the Dutch Development Bank FMO were misappropriated to finance illegal activities. This is the conclusion of the investigation report published today by the independent commission set up by the Inter-American Commission on Human Rights, the Honduran state, and the relatives of Berta Cáceres.
For years, FMO was a major financier of the Agua Zarca project. Berta Cáceres, an indigenous leader, fought against this controversial dam and was murdered for that reason in March 2016.
The Dutch development bank FMO and the Finnish FinnFund announced this week that they are seeking ‘a responsible and legal exit’ from the Agua Zarca project in Honduras. Last week, it was reported that four suspects had been arrested in connection with the murder of human rights activist Berta Cáceres, who opposed the project for many years. One of those arrested is the manager for social and environmental affairs of DESA, the company implementing the Agua Zarca project. Because the company is a direct client of FMO and FinnFund, the banks consider the arrest good reason to take action.
Both ENDS really means ENvironment and Development Service but we could also say:
Last June, President Obama called upon the national and international community to give no more public support to foreign coal. Shortly after this, the World Bank and the European Investment Bank EIB followed the example, setting stricter criteria for loans to energy companies, which will make it nuch more difficult, if not impossible for new coal plants to get financing from these banks.
Our own Dutch development bank FMO recently introduced a complaints mechanism. This means that anyone adversely affected by a project supported by the FMO may file a complaint.
Amnesty International, Bank Track, Both ENDS and SOMO have contributed to the design of the complaints mechanism and have now issued a response to the final result.
Anouk Franck of Both ENDS has provided input into the complaints mechanism and explains why it is so important for institutions to have a good complaints mechanism.
Residents belonging to the indigenous Ngäbe-Bugle people living on the traditional indigenous territory surrounding the Barro Blanco dam in Panama, have filed a complaint against the Dutch development bank FMO. The bank has invested $ 25 million in the dam that is currently under construction in the river Tabasará. The Ngäbe-Bugle blame FMO for not adequately following its own social and environmental standards. FMO also violates international agreements relating to indigenous peoples. For Both ENDS, Anouk Franck is closely following FMO’s activities.
Today, it is exactly one year ago that Berta Cáceres was brutally murdered in her home in Honduras. Cáceres was a globally known human rights defender and coordinator of the indigenous Lenca organisation COPINH. The murder of Berta is closely related to her protest against the Agua Zarca dam, a hydroelectric project financed partially by the Dutch development bank FMO.
