AFD - 2018 Registration document

6 CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION Statutory auditors’ special report on regulated agreements and commitments

6.4 Statutory auditors’ special report on regulated agreements and commitments

To the members of the Board of Directors of Agence Française de Développement,

In our capacity as statutory auditors of Agence Française de Développement, we hereby present our report on your regulated agreements and commitments. On the basis of the information provided to us, we are required to inform you of the principal terms and conditions, as well as the reasons providing evidence of the benefit to the company, of the agreements and commitments of which we have been informed or that we discovered during our assignment. It is not our role to determine whether they are beneficial or appropriate or to look for the existence of other agreements and commitments. It is your responsibility, under the terms of Article R. 225-31 of the French Commercial Code, to evaluate the benefits arising from these agreements and commitments prior to their approval. Where applicable, we are also responsible for presenting you with the information provided for in Article R. 225-31 of the French Commercial Code relating to the execution, during the year elapsed, of the agreements and commitments already approved by the Board of Directors. We performed the procedures we considered necessary in accordance with the professional guidance issued by the national institute of auditors (Compagnie Nationale des Commissaires aux Comptes) relating to this engagement. These procedures consisted in verifying that the information provided to us is consistent with the basic documentation from which it was taken. AGREEMENTS AND COMMITMENTS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL. Agreements and commitments approved and entered into during the previous financial year Pursuant to Article L. 225-40 of the French Commercial Code applicable to your institution in accordance with Article L. 511-39 of the French Monetary and Financial Code, we have been advised of the following agreements and commitments entered into during the previous financial year that were subject to the prior authorisation of your Board of Directors. WITH THE COMITÉ NATIONAL DE SOLIDARITÉ LAÏQUE (CNSL) (NATIONAL SECULAR SOLIDARITY COMMITTEE) Agreement between AGENCE FRANÇAISE DE DEVELOPPEMENT and the CNSL for the financing of a project to improve the quality of primary schools in Sri Lanka. On 11 April 2018, the AFD Board of Directors approved the signature of a regulated agreement with the Comité National de Solidarité Laïque (CNSL) for the financing of a project to improve the quality of education at primary schools in Sri Lanka and promote exchange and coordination between state and non-state players. To this end, AFD provided the CNSL with a grant of €375,000. The agreement between stakeholders was signed on 21 December 2018. As at 31 December 2018, no grant had as yet been paid. Agreement between AGENCE FRANÇAISE DE DEVELOPPEMENT and the CNSL for the financing of a project entitled Coalition Education Phase 2 – Les OSC (Organisations de sociétés civiles) françaises engagées pour l’éducation dans le monde (French civil society organisations committed to education worldwide). On 30 January 2018, the AFD Board of Directors approved the signing of a regulated agreement with the Comité National de Solidarité Laïque. Phase 2 of the project aims to further develop an initiative launched in 2015 to construct a platform of French Civil Society Organisations (OSCs) committed to education worldwide. The maximum grant amount is €272,000. At 31 December 2018, AFD had paid €171,000. WITH THE SOCIÉTÉ DE PROMOTION ET PARTICIPATION POUR LA COOPÉRATION ÉCONOMIQUE (PROPARCO) Service Agreement AFD has signed a service agreement with its subsidiary PROPARCO. The agreement, signed on 13 April 2018 with retroactive effect from 1 January 2017, establishes primarily the following services: P provision of dedicated staff at head office or in the representation offices and staff seconded to external organisations;

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REGISTRATION DOCUMENT 2018