AFD - 2018 Registration document

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS ACCOUNTING PRINCIPLES ADOPTED BY THE EUROPEAN UNION Statutory auditors’ special report on regulated agreements and commitments

P various services (financial management, HR management, permanent control, compliance, data protection, risk management (particularly country risk and sovereign risk), periodic control, security and business continuation, documentation and archiving); P technical support services provided by some operational departments (possibly AFD’s functional departments). The income booked by AFD under this agreement for the period from 1 January 2018 to 31 December 2018 totalled €44,501K. AGREEMENTS AND COMMITMENTS ALREADY APPROVED BY THE BOARD OF DIRECTORS. Agreements and commitments approved in previous years Pursuant to Article R. 225-30 of the French Commercial Code, we were informed that the following agreements and commitments already approved by the Board of Directors in previous years remained in effect last year. WITH THE EUROPEAN INVESTMENT BANK P Risk sharing framework agreement with the EUROPEAN INVESTMENT BANK On 22 December 2016, AFD signed a risk sharing framework agreement with the European Investment Bank. Through this, the EIB shares risk up to a maximum amount of €150M for projects included in the portfolio of eligible projects. These are projects for which a confirmation of participation has been signed by AFD and the EIB. In the event of payment default, AFD may send notification to the EIB indicating the amount and the nature of the unpaid sums, their due date and the amount of the EIB’s share of these sums. Up to the threshold of its available participation commitment, the EIB is committed irrevocably to paying AFD within a period of 60 days following receipt of the notification, an amount corresponding to its percentage share. In exchange for the EIB’s risk sharing commitment, AFD will pay the EIB a risk sharing commission calculated for each project. Should a project default, no participation commission will be payable from AFD to the EIB. The EIB’s risk sharing benefits from a European Union guarantee in respect of the European Fund for Strategic Investments. This agreement was approved by the Board of Directors on 15 December 2016. WITH THE COORDINATION SUD NON-PROFIT GROUP Agreement between AGENCE FRANÇAISE DE DEVELOPPEMENT and COORDINATION SUD for the financing of the three-year COORDINATION SUD programme of activities 2017/2019 On 23 February 2017, the AFD Board of Directors approved the signing of a regulated agreement with COORDINATION SUD for the financing of the three-year COORDINATION SUD programme of activities 2017/2019. With that funding, COORDINATION SUD hopes to continue to strengthen its contribution to public policies regarding humanitarian issues, sustainable development and international solidarity by bringing together, strengthening and enhancing French CSOs as key players in international solidarity. AFD provided the beneficiary with a grant of €2,943,314, or 60% of the total estimated budget for the programme. The first tranche was for the 2017 financial year and the second for 2018 and 2019. At 31 December 2018, AFD had paid the total subsidy of €2,943,000. Agreement between AGENCE FRANCAISE DE DEVELOPPEMENT and COORDINATION SUD regarding the financing of the FRIO facility On 1 September 2016 AFD and COORDINATION SUD signed an agreement on the financing of the FRIO facility, which aims to strengthen organisational and institutional aspects of French CSOs (civil society organisations). AFD is putting at the beneficiary’s disposal a grant for a maximum amount of €584,197. This grant may not exceed the limit of 80% of a project’s overall budget. Funding paid must be used entirely for eligible expenses by 31 June 2017 at the latest. The portion of the grant not used by this date will be automatically cancelled. The period of eligibility for expenses related to the project is set from 1 July 2016, or the project’s effective start date, to 31 December 2017, the project’s effective closing date. Costs arising from the negotiation, preparation, signature and execution are considered as additional expenses and remain payable by COORDINATION SUD. This agreement received prior approval by AFD’s Board of Directors on 16 June 2016. At 31 December 2018, AFD had paid the total subsidy of €584,000.

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REGISTRATION DOCUMENT 2018