AFD // 2021 Universal Registration Document

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PRESENTATION OF AFD

Activities of the Agence Française de Développement Group in 2021

❙ Breakdown by region

Approvals

Variance 2021/2020

2021

2020 (in millions of euros)

(in %) 11% n.s. n.s. 71% -47% -15%

In millions of euros

DOM

594

535

59 45 39 80

Guadeloupe

84 50

39 11

French Guiana

Martinique

192

112

Mayotte

52

97

-45 -37 -22

La Réunion

208

245

Multi-country French Overseas Departments

8

30

n.s. n.s. n.s. 37% n.s. n.s.

French Overseas Territories

472 118 354

683 390 259

-211 -272

New Caledonia French Polynesia

95

St Pierre and Miquelon

0 0 0

3

-3

Saint Martin

30

-30

Wallis & Futuna

1

0 0 0

Multi-country French Overseas Departments

0.00

0.00

Multi-country

1

1

TOTAL

1,067

1,219

-152

-12%

Approvals excl. Guarantees.

Commitment approvals in the French Overseas Departments and Collectivities (excluding guarantees) amounted to €1.1bn in 2021, down slightly, 12%, after a very dynamic year in response to the health crisis. All the regions of the French Overseas Departments and Collectivities recorded an increase in approvals, with the exception of Mayotte and La Réunion. Commitments in Polynesia remained at an exceptional level,

driven by a new €300M loan granted on request and with a State guarantee for the partial financing of its safeguard plan. In New Caledonia, commitments were aligned with the average for financial years prior to 2021. Disbursements, amounting to €824M, were in line with commitment approvals, also driven by disbursements made on countercyclical loans (SGLs) granted in 2020.

❙ Loans, provisions and guarantees given on its own behalf, by product

Approvals

Variance 2021/2020

2021 1,067 1,049

2020 (in millions of euros)

(in %) -12% -13% -19%

In millions of euros

Current activities

1,220 1,206 1,116

-152 -157 -216

Loans

Public sector

900 391 509 149

Subsidised loans to local authorities (1)

387 729

4

1%

-220

n.s. 65%

Other loans – public sector (2)

Private sector

91 50 41 13

58

Direct financing

50 99 18

0

0%

Banks

58

n.s. 44% n.s.

Grants

6

0 0

1 0 0 1 0

-1

Guarantees (3)

Guarantees granted - public sector French Overseas Department funds (4)

0 0

Mayotte Guarantee Fund(4)

-1

Equity investments

0

0

(1) Of which Green loan, PS2E and PS2E-FCTVA. (2) Other public sector loans include ADIE and CISPM loans.

(3) The guarantees presented above do not take into account Sogefom (€28M in 2021) and FOGAP (€1M in 2021) approvals. (4) Housing guarantee funds in the French Overseas Departments and Collectivities and in Mayotte are no longer managed by AFD.

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2021 UNIVERSAL REGISTRATION DOCUMENT