AFD - Universal Registration Document 2020

PRESENTATION OF AFD Activities of the Agence Française de Développement Group in 2020

1.6.4 AFD’s activities in foreign countries TOTAL VOLUME OF AUTHORISATIONS, DISBURSEMENTS, UNDISBURSED BALANCES AND OUTSTANDING LOANS (1)

1

Variance 2020/2019 €M

2020

2019

%

In millions of euros

Loans (1) Approvals

7,574 6,016

8,256 3,825

-482

-5.8% 57.3%

Disbursements

2,191

Undisbursed balance at 31/12

20,969 28,920

21,806 26,100

-837

-4% 11%

Outstandings at 31/12

2,821

Grants Approvals

1,073

1,577

-503 128 420

-32% 23% 18% 14%

Disbursements

674

546

Undisbursed balance at 31/12

2,780

2,360

Outstandings at 31/12

25

22

3

Guarantees Approvals Outstandings

4

56

-53 -21

-94% -12%

156

177

Equity investments Approvals

200

0 0

0 0

0%

Disbursements

0

Total Approvals

8,851 6,690

9,889 4,371

-1,038 2,319

-10% 53% -2% 11%

Disbursements

Undisbursed balance at 31/12

23,749 29,101

24,166 26,298

-418

Outstandings at 31/12

2,803

(1) Information about loans does not include the status of AFD loans to Proparco.

Total authorisations in foreign countries amounted to €8.85bn in 2020 compared to €9.89bn in 2019, i.e. a decrease of 10%. The decline in activity mainly affected loans (-15%) and guarantees which totalled €4M compared to €56M last year. Total disbursements reached a very high amount of €6.69bn compared with €4.37bn, i.e. an increase of more than €2bn (+53%). The increase was mainly driven by loans with disbursements of €6.02bn, an increase of €2.1bn (+57%). Disbursements on grants increased by €128M, to €674M in 2020 compared with €546M in 2019. The year 2020 marked a general acceleration of AFD disbursements. The main sources of the

acceleration of disbursements in 2020 related to the exceptional response to the health crisis but also to the acceleration of the implementation of the projects for which the financing was granted at the end of 2019. As a result, 65% of disbursement made in 2020 came from the 2019 and 2020 allocations of grants. Driven by these very dynamic disbursements, undisbursed balances fell slightly (-2%) while outstanding loans increased by 11%. For a breakdown of approvals and disbursements by type of financing, see Appendix Ǿ 6.

(1) With sub-participations. Excluding grants on behalf of third parties and transactions on behalf of the State.

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2020 UNIVERSAL REGISTRATION DOCUMENT