Finances
Being a public institution wholly State-owned, the Agence française de développement is also, under the Monetary and Financial French Code, a specialized financial institution subject to all the obligations of the banking regulation, in particular risk management and internal control.
It raises a significant part of its ressources on the financial markets, mainly through bonds issues, ranging from 500 million euros to 1 billion euros a year.
Its issues, which are generaly garanted by the French State, are rated by the international rating agencies.