AFD // 2021 Universal Registration Document

PRESENTATION OF AFD Activities of the Agence Française de Développement Group in 2021

GEOGRAPHIC BREAKDOWN OF AFD APPROVALS Approvals in 2020 and 2021, presented by beneficiary country, break down as follows:

1

GBS, grants and equity investments, current activities

Loans

Guarantees granted

General

2021 2,936 1,323 2,918

2020 2,744 1,668 2,284

2021

2020

2021

2020

2021 3,592 1,345 3,045

2020 3,656 1,692 2,424

In millions of euros

Africa

656

908

4

Latin America

22

24

Orients

127 118 142

140 128

Three Oceans

121

568 310

239 142

696 383

Not geographically assignable

0

73

GRAND TOTAL

7,298

7,574

1,064

1,273

0

4

8,362

8,851

2 % Not geographically assignable

3 % Three Oceans

43 % Africa

36 % Orients

16 % Latin America

resources to allow AFD to carry out its work on the continent in three pioneering sectors: cultural and creative industries, sport, and digital technologies, while pursuing its activities in more “traditional” sectors. The New Africa-France Summit in Montpellier was an opportunity to hear from our partners and beneficiaries on the African continent. Young, creative, committed, innovative and visionary, they expressed high expectations for a renewed relationship between Africa and France. This message will inspire our reflection on the development of a new Africa strategy for the AFD Group. 2021 was a year of transition in relation to vulnerability issues in Africa. In addition to the emergence of new crises, which require a certain flexibility in the implementation of our projects (in Ethiopia or Guinea, for example), AFD anticipated taking into account prevention issues in response to the Sahel crisis. Initially, focused on the three-border area (Mali, Niger, Burkina Faso), in close coordination with the actions of the other players of the France team (Barkhane, CDCS, DCSD, ɸ etc.), AFD identified areas where the Group’s projects have strong transformational impacts. This 3-D approach (“Development-Diplomacy-

Commitment approvals in Africa amounted to €3.59bn in 2021, down 2% on 2020 (-€0.06bn). The fall is due to the decrease in activity on grants (-€0.25bn, or -28%). It was only partially offset by a slight increase in loans, of €0.19bn, i.e. 7% more approvals compared to 2020. In line with the contractual targets and resources (COM), in 2021, Africa concentrated the grants financed with the 209 ɸ programme of the French Ministry for Europe and Foreign Affairs. Grants are mainly directed to Poor Priority Countries (67% of the total budget) to support (i) ɸ education and vocational training, (ii) ɸ health and (iii) ɸ agriculture and food safety, while promoting gender equality. As COP26 took place in 2021, projects with climate co-benefits reached an unprecedented share of AFD’s commitments in Africa, exceeding 50% of projects (compared to 45% in 2020). The year in 2021 was also marked by the New Africa-France Summit, held in Montpellier on 15 ɸ October, which was an opportunity for the French State to announce additional

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2021 UNIVERSAL REGISTRATION DOCUMENT