AFD // 2021 Universal Registration Document

CORPORATE GOVERNANCE 3 Report on corporate governance

3.1 Report on corporate governance

This report on corporate governance was prepared by the Board of Directors pursuant to the last paragraph of Article ɸ L.225-37 of the French Commercial Code as amended by Order No. ɸ 2017 1162 of 12 ɸ July 2017.

3.1.1 Separation of the functions of ɸ Chairperson and Chief Executive ɸ O ffi cer

In accordance with the transposition of the European Parliament and Council directive ɸ 2013/36/EU of 26 ɸ June 2013 (“CRD ɸ IV”) by Order No. ɸ 2014-158 of 20 ɸ February 2014, by Decree No. ɸ 2014 1315 of 3 ɸ November 2014 and by Decree No. ɸ 2014-1316 of 3 ɸ November 2014, AFD, as a financing company, separates the functions of Chairperson and Chief Executive Officer.

At 31 ɸ December 2020, Executive management (1) was as follows:

AFD position appointment Other mandates and positions

Chief Executive Officer (CEO) For 3 ɸ years, decree published on 29 ɸ May 2019

Proparco: Director, Chairperson of the Board of Directors International Development Finance Club (IDFC): Chairperson Académie des sciences d’Outre-mer: Permanent member of the 2nd ɸ section since 01/10/2021. International Olympic Committee (IOC): Member of the Board of Directors – Member of the “Public Affairs and Social development through sport” commission of La France s’engage.

Rémy Rioux

Chief Operating Officer For an indefinite period, AFD/DGL Instruction Notes NI-2021-46 of 9 ɸ June 2021 and NI-2021-55 of 17 ɸ June 2021 Chief Operating Officer For an indefinite period, AFD/DGL Instruction Notes NI-2021-46 of 9 ɸ June 2021 and NI-2021-55 of 17 ɸ June 2021

Director of Proparco

Marie-Hélène Loison

Proparco: Director, Vice-President of the Board of Directors Chairperson of the Investment Advisory Committee Chairperson of the Proparco Appointments Committee Fisea: Permanent representative of AFD, shareholder, director, Chairperson of the Board of Directors and Chairperson of Fisea BPIfrance financement: Permanent representative of AFD on the Board of Directors as a non-voting Board member Expertise France; Representative of AFD on the Board of Directors of EF as an observer

Bertrand Walckenaer

CHIEF EXECUTIVE OFFICER: RÉMY RIOUX A Senior Member of the Auditor General’s Department, Rémy Rioux has held positions in France in the service of development and of Africa. As Director of the Office of the French Minister of the Economy, Finance and External Trade from 2012 to 2014, he took part in the work to consolidate the public accounts and on the competitiveness of the French economy. In 2014, hewas appointed Deputy General Secretary at the French Ministry of Foreign Affairs and International Development. He was at the heart of economic diplomacy policy. He also coordinated the “finance” agenda for the French presidency of COP21 up to the final negotiation of the Paris Agreement on climate change.

In June ɸ 2016, he was appointed to the management of the Agence Française de Développement Group and was reappointed for a second term in 2019. He has also chaired the International Development Finance Club since 2017. CHIEF OPERATING OFFICER: MARIE-HÉLÈNE LOISON Marie-Hélène Loison is a graduate of the Institut d’Études Politiques de Paris and of the School of Advanced International Studies in Washington DC. She began her career in 1996 at Société Générale, in export financing. She joined the AFD Group in 2000, at Proparco, AFD’s subsidiary in charge of private sector financing, initially as an account manager to structure financing in the agribusiness,

(1) The Chief Executive Officer, Chief Operating Officer and Deputy Chief Executive Officer are executive officers within the meaning of Article ࣢ L.511-13 of the French Monetary and Financial Code.

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2021 UNIVERSAL REGISTRATION DOCUMENT