Exited projects

Exiting investment projects responsibly is essential to ensure that development impact endures beyond BIO’s involvement. To support this, BIO’s active monitoring focuses on keeping investee companies financially sound, well governed, and capable of operating sustainably. Responsible exits also protect local jobs created through the investments, allow to uphold environmental and social standards, safeguard BIO’s credibility as a public development institution, and allow for scarce public capital to be redeployed into new high-impact projects.

At the close of each project, BIO’s Impact team prepares a Project Completion Report (PCR): an internal end-term evaluation that combines monitoring data, internal reports, and stakeholder feedback to assess financial, business, environmental, social, and development outcomes. BIO has recently revised its PCR methodology to better draw lessons learnt and use them to improve strategic investment decisions and operational processes.

In 2025, BIO exited 15 investment projects: 2 direct investments, 10 financial institutions, and 3 funds, with an average investment duration of 7.5 years. Key lessons learnt from these exits included the need to continue to focus on improved governance and financial analysis, the opportunities to strengthen the additionality of environmental and social risk management support, and – in some cases - the persisting gaps between local practices and BIO’s standards.