AFD_REGISTRATION_DOCUMENT_2017

CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH IFRS 6 Statutory auditors’ special report on regulated agreements and commitments

AGREEMENTS AND COMMITMENTS ALREADY APPROVED BY THE BOARD OF DIRECTORS Agreements and commitments approved in previous years In accordance with Article 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 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 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 2017, AFD had paid €494,000. Financing agreement between AGENCE FRANÇAISE DE DÉVELOPPEMENT and COORDINATION SUD on funding the new edition of the study “Argent/Association de solidarité internationale – Edition 2017” (money and international solidarity associations - 2017 edition) This agreement provides that a grant of €65,395 be made available to the COORDINATION SUD association. This will be used to fund the new edition of the study “Argent/Associations de solidarité internationale (ASI) – Edition 2017” This agreement received prior approval by AFD’s Board of Directors on 15 December 2016. At 31 December 2017, AFD had paid the total subsidy of €65,000. WITH THE COMITÉ NATIONAL DE SOLIDARITÉ LAÏQUE (CNSL) (NATIONAL SECULAR SOLIDARITY COMMITTEE) Agreement on the Programme for Developing Education Networks in West Africa On 6 April 2017, AFD and the Comité National de Solidarité Laïque signed a financing agreement for the Programme for Developing Education Networks in West Africa (final phase 2016-2018). The maximum amount of the grant is set at €910,219 of which the first payment will be made once the following conditions have been met: P approval by the Agency of the final technical and financial report for the previous phase; P receipt by the Agency of the communication containing the NGO’s security plan at the French Embassy in Benin and in Burkina Faso.

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REGISTRATION DOCUMENT 2017

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