AFD // 2021 Universal Registration Document

1

PRESENTATION OF AFD

AFD operations

1.3.3.2 Promoting knowledge of sustainable development Based in Marseille, the purpose of the Development Campus (formerly CEFEB) is to design and develop innovative educational formats, educational resources (training cycles, seminars, capsules, MOOC, ɸ etc.) and coordinate learning communities for the benefit of the categories of players who contribute to the transitions in the countries in which AFD operates. These training courses target the Group’s partners in the countries of operation, the community of development players (in France or abroad) and also as part of mixed audience training courses, AFD agents at head office and in the network. Its purpose is to transfer and share knowledge and expertise required to become committed and creative change players to serve transitions. 1.3.4 AFD mandate-speci fi c activities AFD’s bylaws provide for cases in which AFD acts on behalf of third parties. In accordance with Article ɸ R.515-12 of the CMF, AFD manages the specific operations financed by the French State’s budget on the State’s behalf and at its risk. The terms of these operations are set out in agreements with the appropriate ministries. These are either (i) ɸ framework agreements governing terms for AFD’s implementation of a project category, or (ii) ɸ individual temporary agreements setting terms for the implementation of a specific project. For example, the following agreements were signed: P the framework agreements between AFD and the Ministry of Foreign Affairs dated 1 ɸ December 2000 and 9 ɸ November 2001 regarding the management of assigned funds delegated by the Ministry of Foreign Affairs to AFD; P the agreement of 23 ɸ December 2003 related to the implementation of bilateral aid in Heavily-Indebted Poor Countries (HIPC). Refinancing through donations, particularly in the form of debt reduction-development contracts ( C2D) as part of the debt relief programme for HIPCs and the conversion of monetary debts; P the agreement of 14 ɸ May 2012 on the management of the French Global Environment Fund and the bilateral share in the Montreal Protocol Multilateral Fund; P the agreement of 6 ɸ December 2016 on the implementation of the Trade Capacity Building Programme (TCBP); P the agreement of 15 ɸ December 2016 related to the management by AFD of the Solidarity Fund for Development (FSD), financed by the solidarity tax on airline tickets and the Financial Transaction Tax. As a priority, FSD inflows are used to pay for multilateral aid expenses for development related to global public goods in the areas of health, climate and environment and in particular to fund the International Finance Facility for Immunisation (IFFIm);

P the agreement of 24 ɸ November 2017 related to the management by AFD of the loan granted to the African Development Fund (ADF) for the French representation. Moreover, pursuant to Article ɸ 10 of Programming Law No. ɸ 2021 1031 of 4 ɸ August 2021 on solidarity-based development and the fight against global inequalities, AFD is authorised to carry out activities on behalf of other third parties (European Union, international institutions or organisations, foreign States but also for any public authority, any credit financial institution, development banks or public or private institutions and generally for public or private legal entities, governed by French or foreign law). To this end, it has been entrusted with managing loans delegated by the European Commission or other funders (the UK’s DFID, the Monegasque Cooperation, ɸ etc.). In accordance with international accounting regulations, these activities are excluded from the consolidated balance sheet. AFD’s remuneration for this type of activity is decided on a case by-case basis as set out by the agreement and is intended to cover AFD’s costs. 1.3.5 AFD’s operating scope (see ɸ Appendix ɸ I) The geographical areas in which AFD is authorised to operate are listed in Appendix ɸ 1, with the understanding that its operating mandate (forms of intervention, sectors, ɸ etc.) differs according to the country. 1.3.6 Information about any restrictions on the use of capital that have materially affected, or could materially affect, directly or indirectly, the issuer’s operations The restrictions on the use of capital that could materially affect the issuer’s operations are limited to: P equity investments made by AFD: these are transactions subject to State approval by an interministerial decree under the conditions set by Decree No. ɸ 53-707 of 9 ɸ August 1953 on the State’s control of national companies; P lending granted by AFD outside of its geographic scope of operations defined by Article ɸ R.515-9 of the French Monetary and Financial Code: these transactions require State authorisation under the conditions set by the aforesaid Article ɸ R.515-9 of the French Monetary and Financial Code.

14

www.afd.fr

2021 UNIVERSAL REGISTRATION DOCUMENT