French Development Agency (AFD) [fr]
AFD is France’s inclusive public development bank. It commits financing and technical assistance to projects that genuinely improve everyday life, both in developing and emerging countries and in the French overseas provinces.
In keeping with the United Nations Sustainable Development Goals, AFD works in many sectors — energy, healthcare, biodiversity, water, digital technology, professional training, among others — to assist with transitions towards a safer, more equitable, and more sustainable world : a world in common. Through its network of 85 field offices, AFD currently finances, monitors, and assists more than 2,500 development projects in 108 countries.
Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, has been acting to promote sustainable development for 40 years.
In 80 countries spanning Africa, Asia, Latin America and the Middle East, Proparco provides funding and assistance to businesses and financial institutions.
Proparco ranks today among Europe’s foremost development financing institutions, often conducting joint projects with its counterparts. Its work focuses on sectors that are crucial to development, such as infrastructure – with emphasis on renewable energy – agribusiness, finance, healthcare and education. Through the support it provides, Proparco contributes to job creation, the supply of essential goods and services and more broadly to the reduction of poverty and climate change mitigation.
In addition to financing, Proparco’s role also involves encouraging the emergence of socially responsible, innovative business people and financial service providers in developing and emerging economies. This means helping its clients improve their environmental and social performance and their governance.
Moreover, to achieve its aims, Proparco takes a broad-based approach to governance. Alongside majority shareholder AFD, public and private sector financial institutions from France, Africa, and Latin America, service providers, industrial firms in countries where Proparco operates and ethical funds and foundations are all part of its governing bodies.
With a balance sheet total of €1.3bn at December 31, 2016 Proparco is one of the leading European Development Finance Institutions which together spearhead a large number of joint programmes.
The French Facility for Global Environment / Fonds Français pour l’Environnement Mondial (FFEM) is a bilateral public fund initiated by the French Government in 1994.
The FFEM secretariat and its financial management are entrusted to the Agence Française de Développement (AFD). The FFEM co-finances projects that encourage the protection of the global environment in developing countries. Its co-financing is exclusively done as grants and is used for the implementation of pilot projects that combine environmental protection and economic development in the recipient countries. The FFEM is an influential strategic instrument for the French policy on Official Development Assistance regarding global environmental protection.
Its activities focus on the topics of biodiversity, international waters, the climate change, land degradation and desertification, persistent organic pollutants and the stratospheric ozone layer.
By the end of 2016, the FFEM has co-financed 301 projects with €355m. Two thirds were spent on sub-Saharan Africa and the Mediterranean.