AFD - 2018 Registration document

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PRESENTATION OF AFD

Activities of the Agence Française de Développement group in 2018

GEOGRAPHIC BREAKDOWN OF AFD APPROVALS 2017 and 2018 approvals, presented by beneficiary country, break down as follows:

GBS, subsidies and equity stakes – ongoing operations

Loans

Guarantees granted

General

2017

2017

2017

2017

2018

2018

2018

2018

In millions of euros

Sub-Saharan Africa

2,859 1,423 1,855 1,170

2,376 1,340 1,121 1,001

405

410

210

131

3,474 1,525 1,896 1,211

2,917 1,432 1,143 1,035

Mediterranean, Middle east

94 38 41 49

82 19 34 25

8 3

10

Asia and Pacific

3

Latin America and Caribbean Not geographically assignable

0

78

8

49

112

GRAND TOTAL

7,308 5,916

627

570

221

153 8,156 6,639

15 % Latin America and Caribbean

1 % Not geographically assignable

23 % Asia CPF 2CEKƒE

42 % Sub-Saharan Africa

19 % Mediterranean, Middle east

AFD easily exceeded its targets in Africa in 2018. Commitment authorisations in Sub-Saharan Africa were €3.5bn in 2018, up 18% on 2017. For financial tools, the higher number of commitments was due to a marked increase in sovereign loans and delegated loans.

AFD has committed to supporting the reform of Egypt’s social protection system; it began work in Tunisia’s health sector with two iconic initiatives and engaged to support Morocco’s gender-sensitive budget process. It also continued its efforts to combat climate change with, for example, a major water supply programme in northern Morocco, the extension of an irrigation programme in the Nile delta, and urban transport development by helping and supporting extensions to the Casablanca tramway and Cairometro system. Activity in this region still relies heavily on sovereign loans (75%) because of the structure of the economies and the still very small number of grants the region receives (approximately 2% of the volume of activity this year).

The Gulf of Guinea and Greater Sahel regions received the highest amounts. AFD’s action in Sahel was strengthened by the operationalisation of the Sahel Alliance (since February 2018). AFD’s activity in the Middle East and North Africa region recorded slower growth (+7%) in 2018, reaching €1.5bn, following the hike in 2017 (27% up on 2016). Activity in North Africa concerned significant pledges in Tunisia and Morocco to high level policy commitments to support these countries, primarily on issues related to social ties.

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REGISTRATION DOCUMENT 2018