AFD // 2021 Universal Registration Document

1

PRESENTATION OF AFD

Activities of the Agence Française de Développement Group in 2021

P guarantees in the amount of €407M (€199M in 2020); P grants in the amount of €22M (€13M in 2020); P transactions on loans, quasi-equity and other securities amounting to €1,589M (€1,630M in 2020) which break down as follows: P loans: €1,462M, P of which subsidised loans: €62M (€104M in 2020), P of which 209-related loans: €4M (€6M in 2020), P of which loans on green funds for €147M, P of which AFD sub-participation loans representing €443M of these transactions in 2021 (€660M in 2020); P other securities: €127M (€22M in 2020). In 2021, Africa remained at the core of Proparco’s geographical mandate and approvals on the African continent reached €1,215M, representing 53% of own account approvals; Latin America and the Caribbean represented €453M, Asia €387M, the Middle East €204M and Europe €4M. €25M was approved for projects which impact several countries. Proparco devoted 29% of its activity to projects aimed at combating climate change.

Parlement des Entrepreneurs d’Avenir, Ateliers de la pensée de Dakar, the Spinoza Foundation, the Cynthia Fleury Chair and the Charles Dullin Academy. The partnership with the Mohammed ɸ VI University in Morocco was strengthened following the setting up of a new training course (certificate on ecological transition with Ferdi). The partnership with the University of Havana continued for the launch of a Master’s degree in 2021. The partnership with AVITEM continued and materialised in 2021 with an urban workshop in Casablanca. 1.6.7 Proparco’s activity The year in 2021 focused on four priority operational objectives in accordance with Proparco’s strategy for 2020-2022: Africa, fragile countries, the climate and French interests. Proparco is the only private sector player of the AFD Group, as the amended Finance Law of 30 ɸ July 2020 established the possibility for AFD to use its subsidiary Proparco to provide certain services (quasi-public). Proparco’s 2021 approvals amounted to €2,290M, broken down as follows: P equity investments in the amount of €274M (€188M in 2020);

Loans

Equity investments Other investments Guarantees

Grant

Total

2021

2020

2021

2020

2021

2020

2021

2020

2021

2020

2021

2020

Africa

684 547 149

49

21

9 356 139

7

11 1,218 755

LAC Asia

356 475 242 330

74 29

9

-

-

23 10

6

- - -

- - - - -

453 490 387 433

49 106

13

41

Europe

-

-

- - -

- - -

- - - -

- - - -

4

-

4

-

Med & ME Middle East Multi-country

53

55 29

13

3

12

77

57 29

125

- -

-

1 2

126

0 173

22

81

10

2

25 266

TOTAL

1,462 1,608 274 188 127

22 407 199

22

13 2,290 2,030

In the equity investment activity, 58% of approvals relate to direct investments, with a predominance of the renewable energy sector, followed by the health and education sectors, while 42% were investment funds..

In 2021, 34 ɸ countries (excluding multi-country) were concerned by loan approval decisions, among which, in particular, South Africa, Brazil, Turkey, Mexico, Nigeria and Morocco. The sectoral breakdown of loan approvals is very varied and marked by the predominance of the financial institutions sector with €906M, i.e. 62% of loan approvals, with the corporate sector, the second most significant segment, accounting for €449M, i.e. 31% of the total number of approvals. The infrastructure sector, for its part, amounted to €107M, or 7% of loan approvals.

38

www.afd.fr

2021 UNIVERSAL REGISTRATION DOCUMENT