Financing and supporting urban development
Promoting environmentally friendly cities
Furthering social cohesion
Strengthening local economies and creating jobs
Supporting the growth of secondary cities
The urban population has been growing at an unprecedented rate. Today, half of humanity (3.5 billion people) live in cities, one third of whom in precarious neighborhoods. If nothing is done, 2 billion people will be living in such neighborhoods in 2030, and 70% of the world’s population will be city dwellers by 2050.
This phenomenon is above all affecting Africa and South Asia, where the massive influx of newcomers is generating unplanned urban sprawl. On both continents, big cities are facing very many challenges: increase in the number of precarious neighborhoods, difficulties in access to essential services, congestion, adaptation to the effects of climate change, lack of jobs and of economic attractiveness, shortfalls in resources for financing infrastructures, as well as limited local governance.
As part of its Sustainable Cities strategy, AFD takes action to finance, promote and support the development of sustainable cities that make social cohesion, preservation of natural and cultural heritage, and economic performance compatible with one another. In 2016, AFD committed nearly 1.5 billion euros in the form of loans or donations to cities. This included 696 million euros in Overseas France (48%) and 759 million euros in developing countries (52%).