AFD - Universal Registration Document 2020

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PRESENTATION OF AFD

Activities of the Agence Française de Développement Group in 2020

GEOGRAPHIC BREAKDOWN OF AFD APPROVALS 2019 and 2020 approvals, presented by beneficiary country, break down as follows:

GBS, grants and equity stakes, ongoing operations Guarantees granted

Loans

General

2020 2,744 1,668 2,284

2019 3,814 1,622 2,372

2020

2019 1,070

2020

2019

2020 3,656 1,692 2,424

2019 4,940 1,657 2,575

In millions of euros

Africa

908

4

56

Latin America

24

36

Orients

140 128

203 138

Three oceans

568

444

696

582

Not geographically assignable

310

4

73

130

383

134

GRAND TOTAL

7,574

8,256

1,273

1,577

4

56

8,851

9,889

4 % Not geographically assignable

8 % Three Oceans

41 % Africa

28 % Orients

19 % Latin America

certain Sahelian States. This funding also helped to mitigate the social impact of this crisis on vulnerable populations (women, the informal sector, etc.). In addition to responding to the health crisis and its economic and social consequences for African countries, the AFD Group continued to implement the major objectives set by the President of the French Republic in his speech in Ouagadougou in 2017, which guide its strategy on the continent. Grants in the Greater Sahel region remained a high priority and made it possible to strengthen the implementation of the 3D strategy – development, diplomacy and defence – in this region. More broadly, with 209 grant funding (excluding FICOL and FISONG) of €539 Ǿ million, 2020 remained a year of sustained intervention in priority countries, particularly in the areas of (i) Ǿ education and vocational training, (ii) Ǿ health and (iii) Ǿ agriculture and food security. For example, AFD launched the EDIFIS initiative in the Sahel (Education, Sexual and Reproductive Health and Rights, Integration of Women and Girls in the Sahel) to promote gender equality and support demographic transition, socio-economic transition and resilience within the G5 Sahel countries and Senegal, by supporting the empowerment trajectories of girls and women. Technical assistance in the amount of €4 Ǿ million

Commitment approvals in Africa were €3.66bn in 2020, down 26% on 2019 (-€1.28bn). This decline was mainly driven by the lending activity (-€1.07bn, or -28%), partly anticipated in the initial business plan for 2021 and accentuated by the health crisis. Grants activity was also down, but to a lesser extent (-€0.16bn, or -15%). The Covid-19 crisis disrupted the achievement of AFD’s grant targets in Africa. The reduction in the availability of project managers, the postponement of certain appraisal assignments and, sometimes, the deterioration of counterparty risks, had the effect of reducing the volume of activity in 2020 to €3.66bn compared to €4.94bn the previous year. The closure of certain windows for sovereign loans in line with the Lagarde doctrine, the deterioration of the macroeconomic situation in certain countries, and activity constrained by major risk limits also weighed on activity in 2020. However, in the face of the spread of the coronavirus pandemic in Africa, AFD has been very responsive in rolling out its “Covid-19 - Health in Common” initiative, launched in April Ǿ 2020, on the continent. €557 Ǿ million were mobilised in Africa for this purpose. These funds have made it possible to respond to the health emergency by strengthening African capacities for epidemiological monitoring, diagnosis and care. They have made it possible to finance part of the national response plans of

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2020 UNIVERSAL REGISTRATION DOCUMENT