
BIO can invest in the 109 countries classified by the OECD as “Least Developed Countries”, “Low Income Countries” and “Lower-middle Income Countries”, also known as the DAC-list, and puts a specific focus on the partner countries of the Belgian Development Cooperation and on less developed countries.
Today BIO operates directly and indirectly in about 70 countries.
Africa is the largest beneficiary of BIO’s funding operations and accounts for 34% of the total portfolio, followed by Asia and Latin America. BIO also contributes to multiregional projects.
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