AFD - 2019 Universal registration document

PRESENTATION OF AFD

Activities of the Agence Française de Développement Group in 2019

GEOGRAPHIC BREAKDOWN OF AFD APPROVALS 2018 and 2019 approvals, presented by beneficiary country, break down as follows:

1

GBS, grants and b equity b stakes – ongoing operations Guarantees granted

Loans

General

2019

2019

2019

2019

2018

2018

2018

2018

In millions of euros

Africa

3,814 1,622 2,372

3,677 1,034 2,371

1,070

379

56

210

4,940 1,657 2,575

4,266 1,060 2,475

Latin America

36

17

8 3

Orients

203 138 130

100

Three oceans

444

225

67 63

582 134

292

Not geographically assignable

4

0

63

GRAND TOTAL

8,256 7,308 1,577

627

56

221 9,889 8,156

1 % Not geographically assignable

6 % Three Oceans

26 % Orients

50 % Africa

17 % Latin America

AFD easily exceeded its targets in Africa in 2019. Commitment approvals in Africa were €4.94bn in 2019, up 16% on 2018. This increase is largely due to the increase in project grants, financed from 2019 resources. Project grants reached the record level of €960M and were mainly concentrated in priority poor countries. This enabled the reinforcement of implementation of the 3D strategy in the Sahel as well as interventions in the sectors of education and professional training, health, agriculture and food safety in the priority poor countries. The increase in grants also resulted in an increase in non-sovereign loan commitments, amounting to €1.4bn compared to €1.2bn the previous year. AFD’s activity in the Latin America region grew strongly to €1.66bn in 2019 compared to €1.1bn in 2018. With over €1.6bn in loan commitment approvals, including 45% sovereign and 55% non-sovereign, the activity in Latin America followed a growth trajectory with commitments in line with those of the Group. After a difficult 2018 marked by an exceptional electoral cycle

in the continent, geopolitical upheavals were the continent’s main news (Venezuela, Cuba, Argentina, Ecuador, Chile, Bolivia, etc.), revealing the socio-economic tensions related to inequalities in a context of persistent economic slowdown over the last five years. Following a decision by the COSEC-CICID, the department’s scope of operation was broadened to Costa Rica in 2019. 2019 approvals are in line with the ambitious 100% Paris Agreement mandate, with four climate/energy Public Policy Loans (Mexico, Costa Rica, Ecuador and Bolivia) and seven green credit lines (Banco do Brasil, BRDE, CAF, BCIE, three Ecuadorian banks). Moreover, for the first time, AFD initiated grant operations (€14.6M) for regional projects covering both regional development issues and the fight against deforestation in the Amazon basin (TerrAmaz project) and the reinforcement of policies for the elderly (with the IDB and Expertise France).

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UNIVERSAL REGISTRATION DOCUMENT 2019