In 2015, the international community committed itself to a universal vision of sustainable development, as witnessed by the Addis Ababa program on Financing for Development, the Sustainable Development Goals (SDGs) and the Paris Climate Agreement. The French Government has acknowledged this change in paradigm and endowed AFD with the resources to match this vision and these objectives.
Greater equity capital, to grant more loans
To enable AFD to increase its loan capacity, the French Government, all the while respecting prudential rules, practically doubled AFD's basic equity capital, raising it to 5.3 billion euros.
Greater resources, to make more donations
The Government has undertaken to increase the resources available to AFD. In 2016, it was given a budget allocation of 847 million euros for donations, grants and loan subsidies. AFD can also mobilize 466 million euros in grants, through resources delegated mainly by European institutions.
A facility to support countries in crisis situations
Faced with the major challenges of political, security or migratory crises, a facility to mitigate vulnerabilities and respond to crises has been implemented by AFD since 2016. The facility has funds of 100 million euros per year.
Its purpose is to prevent crises by taking upstream action on the vulnerabilities that fuel them: youth unemployment and underemployment, failing educational systems, tensions between refugees and host populations, and pressure on natural resources.