Presentation of the Agence Française de Développement (AFD) [fr]
The Agence Française de Développement (AFD) funds, supports and accelerates the transitions to a fairer and more sustainable world.
Focusing on climate, biodiversity, peace, education, urban development, health and governance, our teams carry out more than 3.500 projects in France’s overseas Departments and Territories and other 110 countries. In this way, we contribute to the commitment of France and French people to support the sustainable development goals.
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.