Our geographical scope
BIO invests in Least Developed Countries, Low Income Countries, and Lower-middle Income Countries (i.e. the OECD's DAC-list). BIO can also invest in upper middle-income countries and pays particular attention to the partner countries of the Belgian Development Cooperation and to less developed countries.
BIO operates, directly and indirectly, in 52 countries.
Algeria, Angola, Benin, Burkina Faso, Burundi, Cameroon, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Ivory Coast, Kenya, Madagascar, Malawi, Mali, Morocco, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe
Bangladesh, Cambodia, India, Indonesia, Laos, Mongolia, Myanmar, Nepal, Philippines, Sri Lanka, Vietnam
Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Nicaragua, Paraguay, Peru
Geographical spread (31.12.2018)
Some countries, like offshore Financial Centers, are clearly off limits and BIO is not allowed to invest in them, either directly or indirectly. These countries are defined by Royal Decree and by the "Global Forum on Transparency and Exchange of Information for Tax Purposes (the “Global Forum”). Click here to learn more about BIO's policy with regards to certain jurisdictions.