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11th of September 2008

AFD Press Conference at the Franco-Mozambican Cultural Centre

French Ambassador in Mozambique, Thierry Viteau, and AFD Director in Mozambique, Bruno Leclerc, held on September, 11^th a Press Conference at the Franco-Mozambican Cultural Centre, to present AFD main activities for 2007, at global and national levels: strategies, financing tools, commitments, results/impacts.

AFD activities at the international scale

AFD activities around the world are mainstreamed by three main objectives: i) enhancing economic growth, ii) fighting poverty and socio-economic inequalities (Millennium Development Goals), and iii) preserving World Public Goods, such as environment.

In 2007, the total amount mobilized by AFD and its subsidiary Proparco (including French overseas territories) was above 3,3 billions euros. 46% of which were channeled to sub-Saharan Africa.

In 2007, AFD financing flows to developing countries aimed, among others objectives, at:

providing drinking water to 4 million people,
allowing 4,7 millions children to access primary education,
providing healthcare to 2,2 millions people affected by AIDS, malaria or tuberculosis,
increased energetic efficiency through saving 2,7 tones of Carbon.

The initiative for African growth, launched by French president Sarkozy in year 2008, and fostering the growth of African SMEs through facilitated access to financing, should benefit 2000 enterprises and create more than 300 000 jobs before 2012.

AFD activities in Mozambique

One of AFD particular features is the wide range of financial products it offers: grants, commercial and concessional loans, guaranties, etc., as well as the diversity of its instruments - global or sector-wide budget support (Prosaude), institutional support, support to NGOs, projects financing – which allow AFD to tailor its intervention according to various situations.

AFD interventions in Mozambique are dictated by France specific strategy for the country, as defined in the "Document Cadre de Partenariat" – DCP (Framework Partnership Document), signed by France and Mozambique in July 2006, featuring two sectors of concentration for grants, namely health and environment.

Key figures:

	Amounts in M €
Total grants portfolio as at 01/09/2008	60,0
Total active loan portfolio AFD Proparco as at 01/09/2008	80,0
Total financing from 2001 to 2007	176,4
Total financing 2007	14,0

In parallel with those financing activities, AFD is involved in research and other strategic thinking and actively participates in aid harmonization process in Mozambique.

Perspectives of the AFD intervention in Mozambique

AFD is willing to:

pursue its lending activities to public and private sector, in particular in the area of infrastructure (energy, telecommunication, transport, etc.), focusing on projects strengthening the regional integration of Mozambique,
pursue with grants in its concentration sectors, giving more importance to programmatic approaches and budget support,
maintain its involvement in the process of aid harmonization and efficiency.

Agence Française de Développement