AFD_REGISTRATION_DOCUMENT_2017

PRESENTATION OF AFD Activities of agence française debdeveloppement group in 2017

1

Breakdown of AFD’s approvals by sector of activity: The 2016band 2017bapprovals including budgetary aid, guarantees given, loans, subsidies and investments in ongoing operations are shown as follows, by branch of activity:

% of the 2017 total

% of the 2016 total

2017

2016

In millions of euros

Agriculture and food safety

633 987 123 148

560

10% 15%

10% 19%

Water and drainage

1,126

Education and vocational training Environment and natural resources Infrastructure and urban development

336 500

2% 2%

6% 8%

3,230

2,483 1,058

49% 13% 23%

42% 18% 12%

of which transport of which energy

854

1,513

682 206 408 129 111 451 324

of which development and urban management

590 162 111

9% 2% 2% 1%

3% 7% 2% 2% 8% 6%

of which infrastructure and miscellaneous social services

of which other

Healthcare and AIDS prevention Business, Industry and Trade

74

738 704

11% 11%

Other and multiple sectors

TOTAL

6,639

5,892

100%

100%

Information about loans does not include the status of AFD loans to Proparco

9%

11%

Agriculture and food safety

Other and multiple sectors

1% 11%

15%

Business, Industry and Trade

Water and drainage

2% 2%

Healthcare and AIDS prevention

Education and vocational training

Environment and natural resources

49%

Infrastructure and urban development

The breakdown of the approval volume by sector of activity changed significantly in 2017. 2017 saw a marked increase in approvals in the energy sector (+€831M), which accounted for 23% of total engagements (12% in 2016). Having fallen to 42% in 2016, this increase took the share of the Infrastructure and Urban Development sector to 49% in 2017. Thus, energy became the AFD Group’s main area of operation in 2107, with €1,513M committed compared to €682M in 2016. AFD’s commitment to the energy transition, in line with the Climate commitments, was confirmed in 2017bwith a significant increase in approvals for renewable energy and energy efficiency projects, and energy/climate budget support.

Transport’s contribution to total commitments fell by 5% but remains significant with €854M committed in 2017. The profile of projects financed was very different. In 2017bthere were significant commitments on the African continent, with a marked focus on “integration into international trade” which covers investments in ports, logistics and airports and accounted for a third of 2017bcommitments. After urban mobility and the other countries being priority areas in 2016, the focus was on adjustment and rebalancing. The “development and urban management” sector also experienced a hike from €206M to €590M, as part of the “Sustainable Cities” 2014-2017 strategy. Several flagship projects were launched in 2017: in Benin, the financing of a City Climate Change Adaptation Programme (sovereign loan of €50M and subsidy of €8M), subsidised housing initiatives in South Africa (non-sovereign loan of €30M), phaseb3bof the Project to Improve Access and Sanitation in Priority Quarters in the Agglomeration of Antananarivo in Madagascar (sovereign loan of

The water and drainage sector accounted for 15% of total commitments in 2017, with authorisation to the value of €987M exceeding the targets of the water and drainage Sectoral Intervention Framework for the period 2014-2018, despite a €139M fall in volume. Commitments in Latin America increased significantly to €315M, mainly in Argentina and Bolivia. A vast drainage programme in seven municipalities in the agglomeration of Cochabamba was financed to the tune of €42M.

20

REGISTRATION DOCUMENT 2017

www.afd.fr