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Rémy Rioux appointed Chief Executive Officer of Agence Française de Développement by the Council of Ministers today, 25 May 2016


Today, on a proposal made by François Hollande at the Parliament on 27 April 2016 and following a unanimous favorable vote of MPs and a majority of Senators, Mr. Rémy Rioux, 46, Deputy Secretary General of the French Ministry of Foreign affairs and International Development, has been appointed Chief Executive Officer of Agence Française de Développement, a Public Industrial and Commercial Establishment responsible for development in Southern countries and the French overseas territories. Rémy Rioux, AFD’s 11th Chief Executive Officer, will take over as head of AFD on 2 June 2016.

Rémy Rioux was born in June 1969 in Neuilly-sur-Seine and is an alumnus of the Ecole Normale Supérieure, rue d’Ulm, Sciences Po, and the Ecole Nationale d’Administration. He is a historian by training, a former student of Alain Corbin and Pierre Nora, and Senior Advisor at the Court of Auditors. During his career, he has alternately held responsibilities in France and for development in Africa.

Rémy Rioux appointed Chief Executive Officer of AFD © Alain Buu

At the age of 26, Rémy Rioux discovered Africa during an ENA internship in Benin, and subsequently by campaigning to promote the harmonization of business law in Africa. He has a love of this continent and has travelled across it throughout his career, established close ties there, and acquired a recognized expertise in development issues. He worked at the Directorate of the Treasury from 2004 to 2007, and subsequently from 2010 to 2012, where he contributed to modernizing monetary cooperation with African Franc Zone member countries, participated in the resolution of the Ivorian crisis, and contributed to making the issue of infrastructure and development central to the international agenda of the G20. At the time, he was a Member of the Boards of Directors of AFD and its subsidiary PROPARCO.

Rémy Rioux also conducted control missions in the energy and defense sectors at the Court of Auditors between 1997 and 2004. He worked at the Ministry of the Interior from 2000 to 2002, at the Office of the Minister Daniel Vaillant, where he was responsible for the budget and changeover to the euro. He also held a position at the State Holdings Agency (APE), from 2007 to 2010, as Chief Investment Officer responsible for the transport and media sectors, and sat on the Boards of Directors of various companies (SNCF, RATP, ADP, Renault, France Télévisions, France Médias Monde, Arte, le Grand Port Maritime du Havre).

In 2012, he was Director of the Office of the Minister of the Economy, Finance and Foreign Trade, Pierre Moscovici. He was actively involved in redefining economic relations between Africa and France and in the work conducted by Jacques Attali on economic Francophonie. Two years later, Laurent Fabius, Minister of Foreign Affairs and International Development, appointed him Deputy Secretary General of the Ministry, in charge of economic issues. Alongside the Minister, he managed the financial component of the negotiations for COP21.

Following the announcement made by the French President in September 2015 of a revival of France’s Official Development Assistance policy and an increase in development and climate finance (by EUR 4bn by 2020, to reach EUR 12.5bn of annual commitments, including EUR 5bn for the climate), he was entrusted with a preparatory mission for the establishment of closer ties between Agence Française de Développement and Caisse des Dépôts, which aims to provide France with a tool capable of meeting the challenges of the Sustainable Development Goals.

He is a man of dialogue and conviction and is deeply attached to the Massif Central region, particularly Corrèze and Lozère, where he regularly stays with his wife and three children.

Key Dates

  • 26 June 1969: Born in Neuilly-sur-Seine, France
  • 1997: Auditor at the Court of Auditors on leaving ENA (Marc Bloch Class), where he became Senior Advisor in 2013
  • 2001 and 2002: Budget Advisor at the Office of Daniel Vaillant at the Ministry of the Interior
  • 2003: Control missions in the energy and defense sectors at the Court of Auditors
  • 2004: General Directorate of the Treasury, Head of the Office for Monetary and Development Cooperation with African, Caribbean, Pacific and Franc Zone countries
  • 2007: Deputy Director for the transport and audiovisual sectors at the State Holdings Agency (APE)
  • 2010: Deputy Director for international financial affairs and development at the General Directorate of the Treasury
  • 2012 to 2014: Director of the Office of Mr. Pierre Moscovici at the Ministry of the Economy and Finance
  • 2014: Deputy Secretary General of the Ministry of Foreign Affairs and International Development in charge of economic affairs
  • 2015: Responsible for financial matters in the French negotiation team for COP21.
  • June 2016: Appointed the 11th Chief Executive Officer of Agence Française de Développement.

Fight against yellow fever: Institut Pasteur Foundation in Dakar to set up new vaccine production unit

For the Senegalese foundation, the only vaccine producer pre-qualified by WHO based in Africa, AFD’s contribution, via a EUR 6.5m subsidized loan, will sustainably strengthen the fight against this disease, for which there is no treatment.

30,000 deaths caused by yellow fever

WHO estimates that there are 200,000 cases of yellow fever every year and that 30,000 people die from this disease around the world. Yellow fever is a viral hemorrhagic disease transmitted by infected mosquitos and is found throughout intertropical Africa, South America and on certain Caribbean islands. But Africa is particularly affected (90% of cases) and WHO estimates that 610 million people in 32 countries are at risk from this disease on the continent.

Vaccination only way to fight against yellow fever

According to WHO, 32 African countries are considered “at risk” of yellow fever, with an exposed population of 610 million people, including 219 million in urban areas. There is no treatment and vaccination is the only way to combat yellow fever.

Yet the number of vaccines produced today is insufficient to complete all the vaccination actions required in endemic countries.

Only production unit based in Africa

FIPD is one of the four producers in the world pre-qualified by WHO for the manufacturing of this vaccine. This project should therefore sustainably strengthen the fight against this disease. FIPD is also the only production unit for this vaccine based in Africa.

The EUR 6.5m loan allocated by AFD to FIPD is part of the AfricAmaril project, with a total cost of EUR 23m, cofinanced by the Islamic Development Bank (IsDB) and Government of Senegal. The new unit will be installed on an area covering 2 ha, allocated by President Macky Sall, on the Diamniadio site to the east of Dakar. The future building, with a surface area of some 3,000 m², will comprise a part for production, a quality control laboratory, an administrative part and annex buildings.

The reduction in the interest rate (covered by the French Government) – or concessionality – for AFD’s financing will allow FIPD to develop its activities for the surveillance of arboviruses and hemorrhagic fever viruses and for responses to epidemics. It will also allow it to continue and scale up its training actions.

The works will begin in late 2016 and the building is expected to be delivered in March 2019.

The agreement was signed by Laurence Hart, AFD’s Director in Senegal, and Professor André Spiegel, Director of the Institut Pasteur Foundation in Dakar (FIPD), in the presence of Jean Félix Paganon, French Ambassador to Senegal.


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