AFD - Universal Registration Document 2020

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

P grants amounting to €13M (€18M in 2019); P transactions on loans, quasi-equity and other securities amounting to €1,630M (€1,949M in 2019) which break down as follows: P loans: €1,608M, P of which subsidised loans: €104M (€171M in 2019), P of which 209-related loans: €6M, as in 2019, P of which AFD sub-participation loans representing €660M of these transactions in 2020 (€502M in 2019), P other securities: €22M (€164M in 2019). In 2020, Africa remained at the core of Proparco’s geographical mandate and approvals on the African continent reached €755M, representing 37% of own account approvals; Latin America and the Caribbean represented €490M, Asia €433M, the Middle East €86M and Europe €0M. €266M was approved for projects which impact several countries. Proparco devoted 27% of its activity to projects aimed at combating climate change.

(certificate on ecological transition with Ferdi). The partnership with the University of Havana continued for the launch of a Master’s degree in 2021. The partnership with AVITEM continued and will take shape in 2021 with an urban workshop in Casablanca. 1.6.7 Proparco’s activity The year 2020 focused on four priority operational objectives in accordance with Proparco’s strategy for 2020-2022: Africa, border countries, the climate and French interests. Proparco is the only private sector player of the AFD Group, as the amended Finance Law of 30 Ǿ July 2020 established the possibility for AFD to use its subsidiary Proparco to provide certain services (quasi-public). Proparco’s 2020 approvals amounted to €2,030M, broken down as follows: P equity investments in the amount of €188M (€319M in 2019); P guarantees amounting to €199M in 2020 (€250M in 2019) and €27M of guarantees received on 209 and 110 budgets not included in the total amount of authorizations;

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Equity stakes and Ǿ other long- term securities Other investments Guarantees

Loans

Subventions

Total

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

2020

2019

Southern Africa & Indian Ocean

195

32

27

15

4

0 210

63

Central & East Africa East Africa North Africa

132 154 118 341 15 178 475 386 330 317

16

0 3

9

0

32

46

189 201

4

46

73 127

5 195 521

29

52 18 51

19

3

0

2

64 234 490 462

LAC Asia

9

45 13

6

14

49

13

41

6

0

0 433 388

Europe

81

0

81

Med & ME Middle East Multi-country

55 29

3

57

0

77 60

13 34 79

13 26

0

29 103

173

81

0

59

10

2

1 266 180

Multi-country Africa Multi-country Latin America and Caribbean

87 135

0

11

10

97 224

38

0 0

38 41

Indian Ocean

25

4

12

TOTAL

1,608 1,786 188 319

22 164 199 250

13

18 2,030 2,537

For the year 2020, 36 Ǿ countries (excluding multi-country) were concerned by the decisions of lending authorisations, among which were Brazil, South Africa, Kenya, Vietnam, India and Serbia. The sectoral breakdown of loan authorisations is very varied and marked by the predominance of the financial institutions sector with €1,130M, i.e. 70% of loan authorisations, with the infrastructure sector accounting for €293M, i.e. 18% of the total

number of authorisations. The corporate sector amounted to €185M, representing 11% of own account loan approvals. In the equity investment activity, 63% of the authorisations concern investment funds and 37% direct investments, with a predominance of the microfinance sector followed by the social education sectors.

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2020 UNIVERSAL REGISTRATION DOCUMENT