AFD_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF AFD

Activities of agence française debdeveloppement group in 2017

1.5.4 AFD’s activities in foreign countries Total volume of approvals, disbursements, volumes to be dispersed and outstandings The development of AFD’s activity over the past two years was divided between the four types of financing as follows: FOREIGN COUNTRIES EXCLUDING LOANS TO PROPARCO (3,432), BUT INCLUDING SUB-PARTICIPATIONS

Variance 2017/2016 M€

2017

2016

%

In millions of euros

LOANS (1) Approvals

b

b

b

b

5,916 3,404

5,436 3,140

480 264

8.8% 8.4% 16%

Disbursements

Undisbursed balance at 31bDecember

17,531 23,912

15,090 21,865

2,441 2,047

Outstandings at 31bDecember

9%

SUBVENTIONS

b

b

b

b

Approvals

470 334

323 302

147

45% 10%

Disbursements

31 83

Undisbursed balance at 31bDecember

1,118

1,035

8%

Outstandings at 31bDecember

20

18

2

12%

GUARANTEES

b

b

b

b

Approvals

153 172

132 184

20

15% -7%

Outstandings

-12

EQUITY STAKES

b

b

b

b

Approvals

100

0 3

100

0%

Disbursements

10

7

200%

TOTALS Approvals

b

b

b

b

6,639 3,748

5,892 3,446

747 302

13%

Disbursements

9%

Undisbursed balance at 31bDecember

18,649 24,104

16,125 21,883

2,524 2,222

16% 10%

Outstandings at 31bDecember

(1)Information about loans does not include the status of AFD loans to Proparco. Total approvals in foreign countries reached €6,639M in 2017, compared with €5,892M in 2016, which is an impressive 12% increase. This increase is explained by increased activity for all financial instruments; growth which, once again, is consistent with the overall objective set by the French President of taking the Group’s activity to €12.7bn in 2020.

Following the increase in approvals, disbursements, volumes to be disbursed and outstandings also grew by 9%, 16% and 10% respectively. For a breakdown of approvals and disbursements by type of financial assistance, see appendix 6.

17

REGISTRATION DOCUMENT 2017

www.afd.fr