AFD - 2018 Registration document

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PRESENTATION OF AFD

Activities of the Agence Française de Développement group in 2018

Supporting/facilitating communities of players involved in change is now a key component of the training product. The Ariz, Agreenfi and Sunref “inclusive finance clubs”, plus the facilitation of these communities of practice by peer-to-peer experience sharing, are more relevant than ever. In 2018, the Social and Inclusive Business Camp helped 60 African start-ups as part of a growing community which today includes 150 project initiators and mentors. The format, a mix of classroom and digital, is uniting and mobilising the whole Group and a growing number of partners: the French Ministry of Europe and Foreign Affairs, the Monegasque Cooperation, the Institut Français, the ANIMA network dedicated to the economic development of the Mediterranean, and the Investors and Partners group. The creativity and collective intelligence courses are backed by the PLAY offering, an iconic example of new learning methods. It will continue to be rolled out in all Campus training courses and also be used as an in-house discussion tool. Digitisation of the training offering continued in 2018 with the insertion of digital modules in the classroom sessions (virtual classrooms or webinars in the Modev Masters and PCL training, etc.) and digital coaching in the Social and Inclusive Business Camp. The online “Public Procurement” training attracted 250 participants in 2018, which confirms a change of scope and the effectiveness of the “motivator tutor”, an innovative learning tool which took the completion rate to over 85%. The “Ecological transitions, energy transitions” MOOC designed with the ENS was opened up for the second year and attracted 3,100 listeners in 2018, more than in the 2017 session. Students take the training further by leading a community. A founding member of the UVED (Université Virtuelle pour l’Environnement Durable - virtual

sustainable environment) since the end of 2016, AFD also helped create the SDG MOOC in 2018, attracting over 13,000 students. 1.6.7 Proparco’s activity Proparco’s approvals in 2018 (excluding sub-participation loans on behalf of AFD and other third parties), amounted to €1,122M (compared with €1,084M in 2017), and are broken down as follows: P lending and quasi equity transactions in the amount of €869M (€766M in 2017); P equity investments in the amount of €253M (€245M in 2017); In 2018, Africa remained at the core of Proparco’s geographical mandate and approvals on the African continent reached €452M, representing 40% of own account approvals; Latin America and the Caribbean represented €435M, Asia €128M and Europe €50M. €72M was approved for projects which impact several countries. Proparco devoted 35% of its activity to projects aimed at combating climate change. Proparco’s 2017-2020 strategy adapts its services to its customers’ changing requirements with the objective of achieving €2bn of commitments in 2020, representing a doubling of commitments in order to triple the impact. The strategy focuses on six operational priorities: Africa, border countries, the “Climate”, mobilising third parties, environmental and social support and financing of innovative projects. P no guarantees in 2018 (€73M in 2017).

Own lending

Equity stakes Other investments Guarantees

Total

2017

2017

2017

2017

2017

2018

2018

2018

2018

2018

West Africa

84.8 90.0 21.8 20.0 61.2 91.4 11.1 31.0

- - -

- - -

- - -

-

106.6 110.0

Central & East Africa

35.9 72.3 158.2 37.0 55.1 90.2

Southern Africa

45.1 53.2 10.0

-

Multiple countries Sub-Saharan Africa

15.0 15.0 27.3 42.7 30.7

9.4

73.0 67.1 42.9 15.0 101.8 159.2 128.3 152.9 420.1 241.4

Indian Ocean

42.9 15.0

-

-

-

- - - - - - -

- - - - - - -

- - - - - - -

North Africa and Mediterranean

78.4 130.6 21.9 28.6 85.9 110.1 42.4 42.8

1.5

Asia

-

Latin America and Caribbean France’s overseas provinces

354.8 201.2 43.3 40.2 22.1

-

- -

-

- -

- - -

-

- -

Europe

40.0

9.8

49.8

Multi-country

6.4 50.4 65.3 39.2

71.7 89.6

TOTAL

814.4 756.8 252.9 244.6 54.3 9.4

- 72.9 1,121.6 1,083.7

In 2018, loans were approved for 30 countries (excluding multi- country loans), including at the top of the table Ecuador, Salvador, Argentina, India, Nigeria, South Africa, Mauritius, Serbia, Brazil and Honduras. The breakdown of loan approvals by sector is very uneven and notable for the dominance of the financial institutions sector with €371M, representing 46% of own account loan authorisations, divided between banks, microfinance and non-

bank financial institutions. The infrastructure sector, in second place, represented €278M, accounting for 34% of total approvals. The corporate sector amounted to €165M, representing 20% of own account loan approvals. For the equity investment activity, 41% of approvals involved investment funds and 59% direct investments, primarily dominated by the corporate sector, followed by the infrastructure sector.

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REGISTRATION DOCUMENT 2018