AFD_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF AFD

Activities of agence française debdeveloppement group in 2017

LOANS, PROVISIONS AND GUARANTEES GIVEN ON ITS OWN BEHALF, BY PRODUCT

APPROVALS

Variance 2017/2016

2017

2016 1,053 1,053

M€ -68 -72 -97

%

In millions of euros Ongoing operations

985 981 842 229 613 139 139

-6% -7%

Loans

Public sector

939 338 601 114 109

-10% -32%

Subsidised loans to local authorities

-109

Other loans – public sector

12 25 30 -5

2%

Private sector

22% 27%

Direct financing

Banks

0 2 2

5 0 0 0 0 0 0 0

-100%

Mayotte subsidy

2 2 0 0 0 2 0

b b b b b b b

Guarantees (1)

Guarantees granted to the public sector Guarantees granted to the banking sector French Overseas Department Fund SPM and Mayotte guarantee funds

b b b

2 0

Equity stakes

(1)The guarantees presented above do not include Sogefom approvals (€22.4M in 2017) and FOGAP approvals (€1.1M in 2017).

Governance, commons and territories On this topic, AFD continues it research into commons by investigating their operationalisation and the role of the backer in their management. Concretely, this involves work on the following topics: jointly-owned urban real estate (research programme began in 2017), managing commons in the water sector, governance at both government and public level, and finally the role of governance in the link between infrastructures and territorial and regional development. Public policy debate on the processes of structural transformation and the place of the agribusiness industries in the economy will continue, especially in Ethiopia. Climate, energy and natural resources In this area, AFD’s research primarily involves an analysis of the interactions between economic development and prosperity, on the one hand, and the environment on the other, and the implementation of tools to measure and quantify these interactions. 1.5.6.2 The development campus In 2017, the Campus provided extended training for 73byoung professionals (Master degree programme in project management through a partnership with the University of Auvergne) and capacity building in classroom-based or combined format for nearly 1,000 executives (mainly from Sub-Saharan Africa, North Africa and Southeast Asia) from ministries, public service establishments, financial institutions, businesses and NGOs or agents of AFD and for nearly 3,700 participants in a MOOC (Massive Open Online Course developed in partnership with the École Normale Supérieure) on the energy and ecological transitions in the emerging countries and the South.

Public sector financing was €842M, down 10% on 2016, with a number of projects initially planned for 2017bbeing postponed until 2018 (in the medico-social and water sectors). In the public sector, 27% of the lending activity was subsidised loans and 73% non-subsidised loans. Note that in 2017ba subsidy of €2.3M was approved from the funds allocated by the Ministry of the French Overseas Departments and Collectivities for the water and drainage sector in Mayotte. Despite the slowdown of its public sector activity in 2017, AFD remains a leading player in the overseas public sector project financing activity. Loans to companies increased by 22%, continuing the 2016bupward trend. A total of €139M was allocated to companies in sectors such as renewable energies, medico-social and intermediary property. No bank funding was recorded in 2017. 1.5.6 Intellectual output 1.5.6.1 Research, training and publication activities The research work led by the Innovations, Research and Knowledge Division can be split into three key areas: Solidarity and inequality This work focuses on Africa, gender and social ties. AFD received a first assignment of European Union funds of €4M for research into equality in 2017, which will enable it to launch research into inequality, not only at a global level but also in countries and cities. The work will be presented at an international conference on inequality organised by AFD in partnership with the European Union, which will take place in Paris in December 2018. All the research programmes will promote the national research networks of our partner countries.

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REGISTRATION DOCUMENT 2017

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