AFD - Universal Registration Document 2020
PRESENTATION OF AFD Activities of the Agence Française de Développement Group in 2020
Total approved in Ǿ 2020
Total approved in Ǿ 2019
1
In millions of euros
Guarantees
-
-
Total Proparco French Overseas Departments and Collectivities Proparco - Specific activities using resources from other backers Loans
-
-
- -
- -
Equity stakes and Ǿ other long-term securities
Total Proparco - Specific activities using resources from other backers
-
-
of which AFD sub-participations granted to Proparco
-758
-502
TOTAL GROUP APPROVALS
12,075
14,123
of which COVID of which SEC
1,557
- -
860
In 2020, the AFD Group’s overall activity reached €12.08bn in commitment approvals, down €2.06bn compared to 2019. This decrease is mainly due to i) a decrease in lending activity of €0.8bn. A decrease of €0.5bn was initially anticipated in the 2020 Business Plan approved by the Board of Directors in January Ǿ 2020. With 2020 a year of consolidation of the operational activity. This decline was accentuated by the health crisis and the deterioration of the macroeconomic environnent, ii) a €0.6bn decrease in the amount of 209 grants made available to the Agency, and iii) a decrease in Proparco’s activity of €0.5bn. Authorisations of concessional sovereign loans, non-sovereign concessional loans, and non-concessional non-sovereign loans
totalled, respectively, €4.78bn (-€0.53bn), € 1.16bn (+€0.27bn) and €1.32bn (-€0.73bn) at the end of 2020, i.e. a decrease of around €1bn, in line with i) a target for 2020 which provided for a decrease in this activity of €0.5bn between 2019 and 2020, and the remainder due to the health crisis. Despite this decline in overall activity, AFD has been very active in providing solutions to the current context of the health crisis by mobilising, very early in 2020, a commitment of €2.8bn for the response to the health crisis (“Health in Common” Initiative - SEC and COVID response), including €2.4bn in “new” commitments and €0.4bn in reallocations of loans already committed.
❙ Zoom on AFD Group crisis response authorisations (€M)
Total approved in 2020
In millions of euros SEC projects Project grants Sovereign loans
860
60
496 100 100
Non-sovereign concessional loans Sovereign non-concessional loans
GBS C2D
82 13
Other backers COVID projects Project grants Sovereign loans
9
1,558
28
860 140
Non-sovereign concessional loans Non-sovereign non-concessional loans
20
OMR loans
480
Other backers Other delegators
11 19
25
2020 UNIVERSAL REGISTRATION DOCUMENT
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