AFD - 2018 Registration document

PRESENTATION OF AFD

Activities of the Agence Française de Développement group in 2018

1.6.4 AFD’s activities in foreign countries TOTAL VOLUME OF APPROVALS, DISBURSEMENTS, VOLUMES TO BE DISPERSED AND OUTSTANDINGS (1) The development of AFD’s activity over the past two years was divided between the four types of financing as follows:

1

Variance 2018/2017 €M

2017

%

2018

In millions of euros

Loans (1) Approvals

7,308 3,916

5,916 3,404

1,391

23.5% 15.0%

Disbursements

512

Undisbursed balance at 31 December

18,548 26,999

17,531 23,912

1,017 3,087

6%

Outstandings at 31 December

13%

Subventions Approvals Disbursements

627 397

470 334

157

33% 19% 20% -7%

64

Undisbursed balance at 31 December

1,341

1,118

224

Outstandings at 31 December

18

20

-1

Guarantees Approvals Outstandings Equity stakes Approvals Disbursements

222 182

153 172

69 10

45%

6%

0 0

100

-100

0%

10

-10

-100%

Total Approvals

8,156

6,639

1,517

23%

Disbursements

4,313

3,748

565

15%

Undisbursed balance at 31 December

19,889 27,200

18,649 24,104

1,240 3,095

7%

Outstandings at 31 December

13%

(1) Information about loans does not include the status of AFD loans to Proparco

P Total approvals in foreign countries reached €8.16bn in 2018, compared with €6.64bn in 2017, i.e. a significant rise of 23%. Growth concerned the loan, subsidy and guarantee activities, i.e. all instruments with the exception of investments. P The non-disbursed balance and outstandings also grew by 7% and 13% respectively. P Total disbursements recorded a significant 15% increase in volume compared to 2017. This increase reflects the rise in loan disbursements (15%), which came about due to the increase in approvals and also the development of a financing

offer incorporating rapid disbursements such as general and sector budget support and public policy loans. Thus, in 2018, note should be made of the payment of USD 230M on the Climate public policy loan in Colombia. Payments from subsidies were also up by 15%, reflecting the increase in approvals linked to AFD receiving a share of the Financial Transaction Tax in 2017 and 2018. P For a breakdown of approvals and disbursements by type of financial assistance, see appendix 6.

(1) With sub-participations. Excluding subsidies on behalf of third parties and transactions on behalf of the State.

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REGISTRATION DOCUMENT 2018