AFD_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Report of the statutory auditors on the consolidated financial statements

Audit procedures implemented in response to risks identified In this context, our work consisted of: P updating our knowledge and then testing the effectiveness of the control procedures relating to the determination of the valuation method used for those securities; P testing, on the basis of sampling, the correct application of the valuation method to a selection of securities. To that end, we verified the appropriateness of the accounting methods used by the Group and we made sure that they were correctly applied. We also put in place the following substantive procedures: P reviewing all securities with an objective indicator of impairment to ensure the accuracy and completeness of the recorded long- term impairments; P verifying the accounting/management reconciliation for the available-for-sale securities portfolio; P reconciling, on the basis of sampling, the valuation of securities with the external documentation that justified it. Verification of the Group-related information given in the management report As required by law, we also verified, in accordance with professional standards applicable in France, the Group-related information that appeared in the management report of the Board of Directors. We have no matters to report as to its fair presentation and its consistency with the consolidated financial statements. Information obtained from other legal and regulatory requirements Appointment of statutory auditors KPMG S.A. was appointed as a statutory auditor for Agence Française de Développement by your Board of Directors on 3 July 2002 and Mazars on 30 April 1996. At 31 December 2017, KPMG was in the sixteenth consecutive year of its mission and Mazars in the twenty-second year, 16 and 19 years respectively since the company’s shares were admitted to trading on a regulated market. Responsibilities of management and the persons comprising the governance of the company in the consolidated financial statements It is the responsibility of management to prepare consolidated financial statements that present a true and fair view in accordance with IFRS as adopted in the European Union and to implement the internal controls that it deems necessary for the preparation of consolidated financial statements that contain no material misstatements, whether due to fraud or error. During the preparation of the consolidated financial statements, management is responsible for evaluating the ability of the company to continue as a going concern, presenting in those financial statements, as appropriate, the necessary information relating to the continuity of operations and applying the going concern accounting policy unless there are plans to wind up the company or cease operations. The Audit Committee is responsible for monitoring the financial information preparation process and the effectiveness of internal control and risk management systems, as well as, where applicable, the internal audit as regards procedures relating to the preparation and processing of accounting and financial information. The consolidated financial statements have been approved by the Chief Executive Officer.

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REGISTRATION DOCUMENT 2017

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