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.
- 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.
AFD organized on December 8th in Phnom Penh a conference entitled “How to Make the Garment Sector in Cambodia a Model of Competitive, Social and Sustainable Industry”. Workers’ well-being, productivity and competitiveness were at the core of the discussions.
About 100 people joined the event. It was the first time that we could see around the same table representatives of ministries, the garment manufacturer association of Cambodia, factory owners, Better Factory Cambodia, unions, buyers, NGOs, development institutions and even workers.
They all reached the same conclusion: the sector needs to create this type of platform for exchanges. As garment is a major pillar of the Cambodian economy and it is now at a crucial phase of its development, stakeholders have to develop a strategy to ensure the survival and continuing growth of this industry and then build the proper conditions for sustainability.
You can see some of the presentations of the stakeholders at:
Part 1: Overview on the Cambodian Garment Sector and its main stakeholders as of today
- Presentation from the Ministry of Labour and Vocational Training, by H.E. HENG Sour, Director General, spokesperson for the Ministry
- Presentation from the Ministry of Commerce, by H.E. MAK Ousphea, Deputy Director General of Trade Support Services
- GMAC, by Mr. VAN Sou Leng, President
- GAP, by Mr. TRUONG Nga, Assessment and Remediation Manager
Part 2: Existing intervention to improve working and living conditions of workers and productivity
- The Arbitration council, by Mr. MEN Nimmith, Acting Executive Director
- The BFC project, by Mrs. GERMAN Esther, Program Manager
- The National Social Security Fund, by Mr. OUK Samvithyea, Director
- The USAID worker health project, by Mrs SAM Sochea, Project Manager
- The CGTI (Cambodian Garment Training Institute) project, by Mr. KEN Loo, General Secretary
- GIZ, by Mrs. LUEKE Monika, Program Head
Part 3: What gaps can now be filled in?
- Presentation from AFD, by Mrs. CATHELINEAU Emmanuelle and Mr. STEINMETZ Philippe, Country Director for AFD in Cambodia
In the Press:
- The Cambodian "Daily Key Players in Garment Sector Discuss State of Their Industry" - December 9th
- The Phnom Penh Post "Bid to boost Garment Trade" - December 9th
Thaneakea Phum (Cambodia), Ltd. (TPC) has been formally recognized as “Client Protection Certified” by the Smart Campaign for meeting strong standards of client care.
10th June 2015, Siem Reap, Cambodia: Thaneakea Phum (Cambodia), Ltd. (TPC) has been formally recognized as “Client Protection Certified” by the Smart Campaign for meeting strong standards of client care. TPC is the first microfinance institution (MFI) in Cambodia to be awarded this prestigious certification and one of the 10 MFIs pursuing such recognition supported by funding from the French Development Agency (AFD) under the “Client Protection Initiative” project implemented by Cambodia Microfinance Association (CMA).
An official award ceremony took place at the Royal Angkor Resort on 10th June 2015. His Excellency Kim Vada, Director General of National Bank of Cambodia, awarded the certificate to TPC’s CEO, congratulating him on TPC’s commitment to protecting the clients.
Client Protection initiative is aiming to contribute to the stability and promotion of responsible finance with a view to ensuring a sustainable growth for the microfinance sector in Cambodia. Among several actions aimed at fighting against the risk of clients’ over-indebtedness, CMA is disseminating and ensuring the implementation of the Client Protection Principles (CPPs) in which CMA has been supporting top 10 MFIs in Cambodia to achieve Client Protection Certification through Smart Campaign.
The Smart Campaign is a global initiative which exists to ensure strong client-protection practices in the microfinance industry. The Smart Campaign’s Client Protection Certification program publicly recognizes institutions providing financial services to low-income households, whose standards of care uphold the Smart Campaign’s seven Client Protection Principles covering important areas such as pricing, transparency, fair and respectful treatment and prevention of over-indebtedness. The certification program contains a rigorous set of standards against which institutions are evaluated by independent, third-party raters that are licensed by the Smart Campaign. More information about Smart Campaign, visit: www.smartcampaign.org
In order to meet the strict guidelines outlined by the Smart Campaign for certification, TPC worked under the overall coordination of CMA and AFD with the Technical Assistance from Smart Campaign and Good Return over the past year. Working in partnership with TPC, Good Return provided technical assistance in the areas of: financial client protection, poverty measurement and reporting and financial capability development of clients.
Mr. Sok Voeurn, CEO of TPC, said: "At TPC we are thrilled to be first Cambodian microfinance institution to secure certification from the Smart Campaign. TPC is committed to poverty alleviation in Cambodia. With the needs of our clients as our number one priority, as an organization we have made a significant investment in building our client protection practices. We have reached our goal of certification by working in partnership with CMA under the Technical Assistance from Smart Campaign/Good Return and value their technical assistance. TPC is proud to be a role model for other institutions in Cambodia who are also committed to positive outcomes for their clients."
Mr. Yun Sovanna, General Secretary of CMA, said: “I congratulate TPC for this historic achievement, and strongly believe that together with the remaining MFIs under this initiative, they are becoming the champion for the other MFIs on pathway toward Smart Certification. I’d love to thank to AFD for the financial support and my colleague, Mr. Ear Techkung, as the project manager for overall coordination.”
A Snapshot of TPC’S Clients as of 2014
- 85% are women
- 60% of TPC’s clients work in agriculture
- TPC became fifth largest MFI in Cambodia
- TPC has 189,000 clients with total portfolio of $115 million
Example TPC Activities to Achieve Certification
- Improved individual cash flow analysis and credit history checks in conjunction with the National Credit Bureau to help prevent clients from over-indebtedness.
- Implementation of complaint handling policy and system to resolve client’s grievances.
- The Code of Conduct was made more robust to ensure the ongoing fair treatment of clients.
- A formalized policy was implemented to allow clients to restructure their loans if they are difficulty making repayments.
- Client loan contracts were simplified in order to make them more easy for clients to understanding
About Thaneakea Phum (Cambodia), Ltd. (TPC)
TPC is a rapidly growing, regulated microfinance institution. The fifth largest microfinance institution in Cambodia, TPC has a network of 60 offices, serving more than 190,000 clients across a portfolio exceeding 139 million USD. TPC’s focus is on serving entrepreneurs and families at the base of the socio-economic pyramid, providing economic opportunities to transform the quality of their lives. For more information about TPC, visit: www.tpc.com.kh
About Cambodia Microfinance Association (CMA)
The Cambodia Microfinance Association is an NGO and professional association that aims to ensure the prosperity and sustainability of the microfinance sector in Cambodia. CMA plays a vital role in creating local and international networks as well as seeking equity and loan funds, new technologies and overseeing conflict resolution between microfinance operators. For more information about CMA, visit: www.cma-network.org
About French Development Agency (AFD)
AFD is a public development finance institution 100% hold by the French State that has been working to fight poverty and foster economic growth in developing countries and overseas territories for more than seventy years. In Cambodia since 1993, AFD has been supporting the microfinance sector as from the beginning for an accessible and inclusive finance. For more information about AFD, visit: www.afd.fr/lang/en/home
About Good Return
Established in 2003, Good Return is a non-profit organization that works across the Asia Pacific to deliver economic and social development programs for the financially and socially excluded. Sharing with others the vision of a world without poverty, Good Return is proud to be one of the leading supporters of financial inclusion across the Asia Pacific region. Good Return is an affiliate of World Education, and has its head office in Sydney, Australia. For more information about Good Return, visit: http://programs.goodreturn.org