With the Facility Emerging Markets (FOM - 'Faciliteit Opkomende Markten'), FMO stimulates Dutch enterprises to invest in emerging markets and developing countries. FOM is a joint initiative of the Dutch Ministry of Economic Affairs and FMO.

In 2011 eight contracts were signed for FOM worth €9 million. €15 million was paid out for contracts signed in 2011 and earlier. The volume of the fund grew to a committed portfolio of €78 million (2010: €90.5 million). For 2012 it is expected that will be able to contract at least another €25 million.

An example of a FOM project is the Dobla in Vietnam.