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