AFD in 2015: supporting economic growth and AFD in 2015: supporting economic growth and fighting against climate change in the World and in Tanzania
A press conference was organized jointly by the Agence Française de Développement (AFD) and the French Embassy on Thursday 2nd of June,2016, at the French Embassy, in Dar Es Salaam. H.E Mrs Malika Berak, Ambassador of France in Tanzania, Mr Yves Boudot, Regional Director of the Agence Française de Développement (AFD) and his successor Mr. Bruno Deprince, as well Mr. Emmanuel Baudran, AFD representative in Tanzania, have presented AFD projects approved in Tanzania and in the World in 2015.
In 2015, the Agence Française de Développement (AFD) has achieved a record year with € 8.3 Billion of commitments. It is a record year in terms of the volumes of commitments. 38% of this amount is aimed at supporting development in Africa.
In Tanzania, AFD is providing financial aid to support the socio-economic development of Tanzania mainly through concessional loans to the Government of Tanzania. Since 2009, € 362 Million has been approved, among which € 293 Million to the Government of Tanzania for Water and Sanitation, Energy and Transport.
In 2015, AFD board has approved a total of € 77,3 Million to finance projects in Tanzania. A 65 M€ concessional sovereign loan to the GoT has been approved for Julius Nyerere International Airport Terminal 2’s modernization and extension. AFD Board has also approved a 11 M€ concessional loan to BOA-T in form of a credit line for investments in renewable energy and in energy efficiency. This fund is part of the SUNREF regional program, which provide a free international technical assistance to the banks and to promoters (funded by UE grant), in partnership with Kenyan Association of Manufacturers (KAM) and the Confederation of Tanzania Industries (CTI).
The French Development Agency has also accepted to cofinance activities of French NGO’s having activities in Tanzania for health (Médecins du Monde), agriculture (FERT) and human rights (FIACAT, Plan International). AFD management has also approved 0,5 M€ in grants to the GoT for project preparation and capacity building.
In the coming years, AFD will increase its support to Tanzania with an objective to provide a volume of € 100 M per year to support the development of water, energy and transport of the country. This objective is in line with the target announced in September 2015 by the French President to increase AFD’s commitments by 50% by 2020 and to bring the institution up to a level to meet the challenges of the 21st century.