AFD_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF AFD

Activities of agence française debdeveloppement group in 2017

regions was driven by financing granted in Indonesia and Pakistan. 2017bsaw the first sovereign loan granted in Georgia, in the form of a public policy loan to support the competitiveness of the private sector. As in previous years, sovereign activity ranked number one in AFD’s commitments in the region (83%). A single non-sovereign loan was granted, in Vietnam, accounting for 8% of total financing. An increasing number of European resources were mobilised in 2017: AFD received €64.9M in subsidies to support its operations, primarily via combined facilities (Asian Investment Facility and the Neighbourhood Investment Facility), but also an assignment of funds from the national programme (in Laos). In 2017, political loans accounted for 21% of AFD’s commitments in the region. High-level dialogue was engaged in the Philippines, to support the local authority financing reform, in Georgia to support the retirement reform (supporting private sector competitiveness) and in Indonesia to support the energy transition. Moreover, the strategic partnership with the Asian Development Bank was strengthened with a faster increase

in cofinancing projects: they accounted for 37% of AFD’s commitments in Asia in 2017, compared to an average of 29% over the period 2013-2016. AFD’s commitments in Latin America and the Caribbean reached €1bn in 2017, slightly below the objectives set at the beginning of the year. Approvals were driven by significant support for the peace process in Colombia, which AFD provided on three levels for a total of almost €350M. These were its contribution to the European Trust Fund for peace (subsidy of €3M), a rural – post conflict public policy loan of €200M and financing of €150M to the development bank Findeter for the financing of local communities. In Brazil, after feeling the effects of the crisis in 2015band 2016, AFD once again stepped up its activity. 2017balso saw the first operations in Argentina with two water and drainage projects granted for a total of €100M, co-financed by the IDB and CAF. In the Caribbean, AFD began operations in Cuba, where it is still the only OECD donor present. Three public policy loans (Bolivia, Colombia and Mexico) granted for €400M saw sovereign activity continue its upward trend (65% of the annual commitment volume, 60% via this type of loan).

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REGISTRATION DOCUMENT 2017

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