AFD_REGISTRATION_DOCUMENT_2017

PRESENTATION OF AFD Activities of agence française debdeveloppement group in 2017

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1.5.7 Proparco’s activity Proparco’s net approvals in 2017 (excluding sub-participation loans on behalf of AFD and other third parties), amounted to €1,083.7M in 2017 (compared with €1,058.8M in 2016) and are broken down as follows: P lending and quasi equity transactions in the amount of €766.29M (€819M in 2016); P equity investments in the amount of €244.56M (€194.9M inb2016); P guarantees in the amount of €72.8M (€45M in 2016). In 2017, Africa remained at the core of Proparco’s geographical mandate and approvals on the African continent reached €440.58M, representing 41% of own account approvals; Latin America and the Caribbean represented €241.44M, the Mediterranean and the Middle East €51M, and Asia €110M. Proparco devoted 47% of its activity to projects aimed at combating climate change. Proparco’s 2017-2020 strategy adapts its services to its customers’ changing requirements with the objective of achieving €2bn of commitments in 2020, representing a doubling of commitments in order to triple the impact. The strategy focuses on six operational priorities: Africa, border countries, the “Climate”, mobilising third parties, environmental and social support and financing of innovative projects.

2017 also saw the launch of a campus on the theme of the social and inclusive economy and continuation of the gradual digitalisation of educational content of existing classroom- based seminars and the creation of new e-learning educational formats: virtual classes, webinars, serious games or communities of practice via social networks, etc. Finally, the Campus consolidated its strategic partnership with donors, international organisations or bilateral cooperation in order to co-develop or co-finance training activities and to grow target audiences. Furthermore, 83bworks were published in 2017, bringing the total number of publications in the catalogue up to more than 700. They are circulated via the AFD website (more than 500,000 publications downloaded in 2017) and also in paper format to a targeted number of people within the organisation (head office and field offices), governments, our partners and documentation centres. The publications are promoted, in conjunction with the authors, in a dedicated “Development studies and knowledge” newsletter, through an active social media presence (1,145 members of the dedicated LinkedIn Group, use of the hashtag #EditionsAFD on Twitter) and the organisation of, and attendance at, events.”

Own lending

Capital

Other investments

Guarantees

Countries In millions of euros

2017

2016

2017

2016

2017

2016

2017

2016

West Africa

90 91 53 15 15

114

20 31

19 24

0

- - - - - -

0

45

Central and East Africa

47 27 30

- -

36 37

- - - - - - - - - -

Southern Africa

-

-

Multiple countries Sub-Saharan Africa

43

42

9

- - - - - - - -

Indian Ocean

-

-

-

- - - - - - -

North Africa and Mediterranean

131 110 201

221 111 222

29 43 40

9

Asia

24 11

5 2

Latin America Caribbean

The French Overseas Collectivities

- -

- -

- -

- -

- - -

Europe

Multi-country

50

40

39

65

TOTAL

757

813

245

195

9

6

73

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In 2017, loans were approved for 31bcountries (excluding multi- country loans), including at the top of the table Egypt, Nigeria, Turkey, Brazil, Jamaica, Mozambique, Georgia, Uganda, Costa Rica and Kenya. The breakdown of loan approvals by sector is very uneven and notable for the dominance of the financial institutions sector with €384M, representing 51% of own account loan authorisations, divided between banks, microfinance and non-bank financial

institutions. The infrastructure sector, in second place, represented €279M, accounting for 37% of total approvals. The corporate sector amounted to €93M, representing 13% of own account loan approvals. For the equity investment activity, 72% of approvals involved investment funds and 28% direct investments, primarily dominated by the financial institution sector, followed by the infrastructure sector.

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REGISTRATION DOCUMENT 2017

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