AFD - 2019 Universal registration document

PRESENTATION OF AFD

Activities of the Agence Française de Développement Group in 2019

Activities using resources from other sponsors In terms of volumes, these activities increased significantly over the 2019 financial year (€0.71bn compared to €0.43bn the previous year), with growth mainly based on the growth of resources mobilised from the European Union with a year more particularly marked by Asian (AIF), neighbourhood (NIF) and Turkish refugee (FRIT) facilities. The significant effort of AFD’s teams on the subject of guarantees received from the EU is also worthy of note (these guarantees are not included in the business plan achievements). 1.6.3.2 AFD French Overseas Departments and Collectivities AFD’s activity in the French Overseas Departments and Collectivities was stable in 2019, despite the decrease in public orders linked to the deterioration in the financial position of numerous collectivities and the end of the provision of services on behalf of Bpifrance in the Overseas departments. Commitment approvals were €1.24bn at the end of the year compared to €1.36bn during the previous financial year. Current activity (loans, guarantees and grants) was €0.93bn in 2019 compared to €0.86bn in 2018. This increase is based on loans, notably subsidised loans, strongly supported by the extension to the Green fund (PSP-Vert) to all overseas territories since 2018. Mandate-specific operations - Bpifrance, managed funds - were down 38% in line with the end of the provision of services on behalf of Bpifrance in the French Overseas Departments. 1.6.3.3 Proparco, foreign countries Proparco’s 2019 approvals stood at €2.53bn, up by 57% over 2018. Loan commitments were €1.78bn (an increase of €0.52bn, or 51%).

In 2019, AFD’s overall activity reached €14.12bn in commitment approvals, up €2.68bn compared to 2018. Growth is mainly fed by the loan and grant activities. Approvals for sovereign concessional loans, non-sovereign concessional and non-sovereign non-concessional loans amounted to €5.31bn (+€0.18bn), €0.89bn (+€0.56bn) and €2.10bn (+€0.26bn) respectively at end-2019. Grant approvals amounted to €1.42bn (+€0.94bn) at end-2019. 1.6.3.1 AFD, Foreign countries Ongoing operations Lending and guarantee activities were €8.31bn compared to €7.53bn in 2018. The number of loans exceeded the business plan targets, particularly in Africa. 2019 was marked by exceptional growth in non-sovereign activities, with the non-sovereign loan volume amounting to €2.95bn compared to €2.1bn in 2018 (for an initial target of €1.6bn in 2019). The sovereign loan activity recorded slight growth of €0.18bn reaching €5.31bn in 2019. Total grant approvals were €1.42bn compared to €0.58bn in 2018 up 191.9% due to the availability in 2019 of one billion additional commitment approvals in grants following the CICID meeting of 8 Ǿ February Ǿ 2018 and full compliance by AFD with the directions given by the MEAE for the use of these additional resources. Mandate-speci fi c operations Mandate-specific activities were stable compared to the previous year, with approvals of €0.31bn, as in 2018. The GEF were down significantly by 44.7% compared to 2018.

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UNIVERSAL REGISTRATION DOCUMENT 2019