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.
Agence Française de Développement’s 2014 Results: Over EUR 8 billion for a more equitable and more sustainable world
Anne Paugam, Chief Executive Officer of AFD, today presented the key figures for the activity in 2014 of the central actor in France’s Official Development Assistance. With EUR 8.1 billion of commitments, up 4%, AFD has achieved another historic year for its activities to support a more equitable and more sustainable world.
“AFD’s mandate is central to the challenge of the coming years, which is to bring about new development models that ensure both the prosperity of the whole of the world’s population and preserve the planet. We contribute to this by tailoring our actions to the needs of partner countries”, explained Anne Paugam, Chief Executive Officer of AFD.
AFD is a public institution that implements France’s policy for development financing. It operates on four continents, in over 90 countries and in the French overseas territories, and works on a daily basis to meet its partners’ requirements. This results in investments in human capital, support for the private sector, financing for public transport projects, and assistance for the public policies of both governments and territorial authorities, in order to promote more equitable and more sustainable development trajectories.
AFD addresses the challenges of climate change, the impacts of which concern the entire planet, by showing on a daily basis that there are concrete solutions that reconcile climate and development. In 2014, 53% of AFD’s financing for development in developing countries generated positive impacts for the fight against climate change and 30% for PROPARCO, its private sector financing arm.
AFD’s actions bring about concrete impacts. Between 2012 and 2014, ongoing projects have:
- Got 2 million children into primary and secondary school;
- Improved housing for 2.3 million people;
- Provided 2.7 million people with access to a sustainable source of drinking water;
- Assisted the development of 246,000 small businesses;
- Supported 771,000 family farms;
- Preserved and sustainably managed 32 million hectares of natural spaces allowing biodiversity conservation.
Historic year for the climate: 53% of financing
In 2014, 53% of AFD’s financing for development in developing countries and almost 30% of its subsidiary PROPARCO’s financing for the private sector also had positive impacts on the fight against climate change as part of one of the most ambitious climate strategies among international development finance institutions, which was established at the request of the French Government. In 2014, it accounted for over EUR 2.8bn of financial commitments, including EUR 2.53bn for AFD. Since 2005, EUR 18bn have been earmarked by AFD for projects that reconcile development and climate.
AFD’s first climate bondsFor the first time, AFD has issued climate bonds with a 10-year maturity. They will finance projects that contribute to development, but also to the fight against climate change.
This EUR 1bn “climate” bond issue is the first of its kind conducted by a French public agency. It marks a new trend in the design of financial instruments to support the transition towards a low-carbon economy. Through its rigorous and innovative methodology, based on a systematic assessment of the carbon footprint of funded projects, AFD is seeking to demonstrate to financiers that it is possible to channel part of international finance towards “climate” assets.
Sub-Saharan Africa: Record commitments
In 2014, financing in Sub-Saharan Africa reached the record volume of EUR 2.95bn, i.e. 36.5% of AFD Group’s total financing (45% of financing in foreign countries). Through this strong commitment, which is in line with the objective set by the French President to provide EUR 20bn of financing to the continent by 2018, AFD aims to support the emergence of Africa in its growth trajectories. The projects supported by AFD provide access to essential services, develop sustainable cities, family farming, preserve natural resources, and build infrastructure and job-creating enterprises.
Crises: Specific intervention methods and tools
In Mali, the Central African Republic, Guinea… in countries in armed conflict or recently emerged from conflict, AFD has tailored its operating methods and tools to the specificity of these contexts. The aim is to be more responsive and work more effectively with the different partners and actors of emergency relief and development. Key projects in 2014 include:
AFD and CIRAD launch Climate Challenge, an international competition on agricultural and forestry innovation to address climate change
Call for projects launched at Convergences World Forum on 8, 9 and 10 September 2014
Agence Française de Développement (AFD) and the Agricultural Research Centre for International Development (Cirad) have launched the first international competition « Climate Challenge Agriculture and Forestry », which promotes agricultural and forestry innovation to address climate change.
Anne Paugam, Chief Executive Officer of AFD, and Michel Eddi, Chairman of CIRAD presented this competition on 9 September 2014 during the 7th edition of the Convergences World Forum, which gathers public, private and solidarity-based actors who are working to achieve the Millennium Development Goals.
Agence Française de Développement and Cirad have launched the competition “Climate Challenge Agriculture and Forestry” because climate change poses a major challenge to agriculture and a threat to both world food security and poverty eradication. AFD is particularly active in supporting developing countries in the fight against climate change. For Cirad, the topic of climate change has been central to the research it has been conducting for over 15 years with its partners in the South, with the aim of adapting agriculture in these countries to this major constraint.
This international competition aims to promote innovation and fast track the transfer and dissemination of technologies and knowledge, which are essential in bringing about innovative solutions to be devised for the future. It will support the creativity and success of exemplary projects, led by candidates from Africa, the Mediterranean, Asia, Latin America and the French Overseas : individual actors, farmers’ organizations, financial institutions, actors from the economic and social sectors, local authorities and territories.
It highlights four categories of project :
- Climate change mitigation in agriculture and livestock farming
- Climate change mitigation in the forestry sector
- Substitution and processing of agricultural and forestry products
- Adaptation to climate change and water resources management
Projects must be submitted by 1 December 2014 on the website dedicated to the competition, www.challenge-climat.com, via the online application interface.
Innovation: A new approach to mobilizing actors
Technical, methodological and operational innovations that create new local dynamics, as well as actions to build inclusive economies, will be promoted. They allow actors and family farms to adapt their practices to climate change, while ensuring that their standard of living and quality of life improve.
150 preselected applications, 12 major projects selected, 4 award winners
150 of the projects submitted will be selected on the basis of the impact their innovation has on climate change, their feasibility, viability, and the possibility of replicating them, as well as their utility and overall coherence. A Selection Committee composed of experts from the development sector will select 12 major innovations, which will be transferred to the final jury.
« This competition provides an opportunity to mobilize and pool energies from the North and South for innovative methods that need to be implemented to support sustainable development. Agriculture and forestry are two key sectors. They are vectors of innovation to address climate change and provide solutions to the major challenge of world food security. It is for this reason that I am extremely pleased to launch Climate Challenge in partnership with Cirad » says Anne Paugam, Chief Executive Officer of Agence Française de Développement (AFD)..
« This competition provides the opportunity to promote innovations that have come about as a result of research on what we call ‘climate-smart agriculture’. These new agricultural practices should provide a response to the threefold challenge of food security, climate change adaptation, and the sustainable increase in production, by promoting the development of employment in rural areas. They are particularly vital for the future of family farming, but also for conceiving and building the world of tomorrow, based on the principles of sustainable development”, », points out Michel Eddi, Chairman of CIRAD..
Awards given by prestigious jury at 2015 International Agricultural Show
The 12 initiators of innovative projects will be invited to France to present their projects at the award ceremony, which will be held in Paris at the International Agricultural Show (21 February to 1 March 2015).
The final jury comprises personalities from the field of innovation and social and economic investment and include:
- Brice Lalonde :Special Advisor on Sustainable Development to the UN Global Compact, former Under-Secretary General of the UN, former Secretary of State then Minister for the Environment from 1988 to 1992.
- Navi Radjou : consultant in innovation in Silicon Valley, father of the concept of Jugaad and frugal innovation.
- Ibrahima Coulibaly : Special Ambassador to the UN for the International Year of Family Farming, Vice-President ROPPA (Network of Farmers' and Agricultural Producers' Organizations of West Africa), President of CNOP (National Coordination of Farmers' Organizations in Mali).
- Jean-Christophe Debar : Director of the FARM foundation (Foundation for World Agriculture and Rurality).
For Brice Lalonde, President of the Jury: « Humanity is facing one of its greatest challenges: how to ensure development for all without harming the planet. Agriculture has a full role to play in this challenge and the solutions may well come from countries in the South, which have a proven creative force. So, I am proud to be contributing to bringing out solutions, via this challenge, that will allow us to feed the world, while protecting nature, the mother of future harvests. »
Find out more at :
Climate Challenge Agriculture and Forestry: www.challenge-climat.com
Le Cirad : www.cirad.fr
French Ministry of Foreign Affairs and International Development (MAEDI): www.diplomatie.gouv.fr
Anne Paugam, chief executive of AFD (Agence Française de Développement), today announced an increase in the French development agency’s 2013 financing commitments to the record level of €7.8 billion. The Agency’s 2013 annual report presentation outlined a transitional year, highlighted by a national Solidarity Summit and new foreign-aid guidelines set out by France’s Interministerial Council for Cooperation and Development (or CICID).
Sub-Saharan Africa the Priority in a Year of Growth
In 2013, AFD financing commitments, primarily loans, reached €7.8 billion, an 8% increase over 2012. Sub-Saharan Africa remains AFD’s priority region, receiving a record €2.8 million in aid; this represented 46% of all foreign aid and 37% of all AFD financing commitments. Rural and urban development, natural resource preservation and professional training projects count among the Agency’s primary efforts in the region.
An Increase in Commitments to Fight Climate Disruption
AFD is deeply committed to fighting climate disruption: 50% of its financing has a “co-benefit” for the climate. In 2013, this meant investing €2.4 billion in 77 projects that advanced development while fighting climate change and disruptions.
AFD Financing Benefits People and the Planet
Every year, the Agency’s work delivers increasingly greater impacts. AFD projects underway in 2013 had the following effects:
- 1.5 million people gained access to a reliable source of drinking water
- 411,000 people enjoyed improved sanitation services
- 1 million slum dwellers resided in better and safer housing
- 450,000 children received primary and elementary schooling
- 32,000 youths attended vocational- or professional-training courses
- 878,000 family farms received support
- 73,000 small businesses received funding
- 35 million passengers annually used new or modernized mass transit systems
- 30 million hectares were protected by biodiversity-conservation and sustainable resource-management programs. New projects financed in 2013 will help fight climate disruption by reducing greenhouse gas emissions, abating 3.3 million metric tons of carbon dioxide equivalent per year.
A Vast Network of Partners to Meet the Needs of the Developing World
AFD finds it increasingly important to work with other development partners: French local governments and companies, the European Union, and other donors. All these partners help conceive and execute aid projects that are better tailored to in-country needs. In 2013, AFD provided grants worth €48.7 million to finance 73 projects conducted by 56 civil society organizations, and joined other donors to cofinance 37 projects totaling €1.7 billion.
Anne Paugam, chief executive of AFD, stated: “In 2013, AFD committed €7.8 billion to serve development and a fairer and better-regulated globalization. Even as globalization has lifted millions out of extreme poverty, it has also aggravated all kinds of tensions and imbalances. In my view, AFD serves as France’s premiere instrument to address these issues: in Africa’s poorest countries, we fight poverty; in emerging countries, we are more focused on fighting climate change. However, the heart of our mission remains the same: to foster economically, socially, and environmentally sustainable development in the mutual interest of the developed and the developing world.”
Mini-hydropower, biomass… Thanks to AFD’s financial commitment, a dozen or so renewable energy projects are expected to come into being in the world’s 3rd largest greenhouse gas emitting country, which is itself highly exposed to climate change.
Environmental credit line: A tool for the environment
On 8 November 2013, AFD signed a USD 100m financial commitment with Bank Mandiri, Indonesia’s leading commercial bank, to finance clean and renewable energies in Indonesia.
It is the second environmental credit line allocated to this bank following an initial operation in 2010. The first financed a power generation capacity of over 90 MW (hydro, biomass and a combined-cycle gas-fired power plant).
© Jean Gaumy / Magnum Photos
This second credit line aims to finance a dozen or so renewable energy projects between 2013 and 2015 in sectors such as mini-hydropower, biomass, solar and geothermal power, energy efficiency (cement, agro-industry…), conversion to natural gas and/or cogeneration.
It will contribute to achieving the 2020 targets set by the Government in 2007 to reduce greenhouse gas (GHG) emissions by 26% on its own and by up to 41% with support from the international community, compared to the baseline “business as usual” scenario.
Indonesia: On the front line against climate change
Indonesia, the world’s third largest greenhouse gas emitter, is itself one of the most exposed islands to the impacts of climate change.
Indonesia benefits from major renewable energy potential, particularly for geothermal power, hydropower and biomass, yet this continues to be largely underexploited.
Indeed, the private sector faces many barriers to investment in renewable energies, which are mainly related to the difficulty of securing the technical and commercial risks in satisfactory conditions.
© Jean Gaumy / Magnum Photos
Scaling up “small projects”
The Government’s incentive efforts to address this situation have focused on renewable energy projects of less than 10 MW, with the introduction of higher guaranteed tariffs in 2012. The Government is also working to provide the sector with the financial tools required to develop low-carbon projects, with the USD 1.5bn Government Investment Unit fund (PIP).
However, it is aware that these tools cannot single-handedly bring about the desired momentum in terms of financing renewable energy projects and that it is necessary to encourage banks to be more active on this market.
Helping the bank to enhance project selection
The credit line is combined with a technical assistance component that aims to build the bank’s capacities to process and select projects. An initial seminar on Green Banking will be organized in Jakarta in early 2014, in which some of AFD’s banking partners will be involved (from Turkey, China and India). The aim will be to share their experience of this type of financing with Mandiri. The Central Bank of Indonesia has also been invited to speak about this topic.
Indonesia, a fishing industry giant, is seeking to deal more effectively with illegal fishing practices and the overexploitation and pollution of its fishing area. The financing allocated to the Indonesian Agency for Marine and Fisheries Research will allow a real-time observation and analysis network to be set up.
Working for more sustainable fishing in Indonesia
With more than 17,000 islands, Indonesia is the world’s largest archipelago. The country has a vast 5.8 million km2 Exclusive Economic Zone (7th largest in the world in terms of surface area), as well as 81,000 km of maritime borders.
The sea therefore holds considerable potential, on which a large part of the population depends. There are currently some 6 million Indonesian fishermen and fish farmers and 15 to 20% of the country’s population rely on the fisheries sector for their livelihood.
Indonesia is a heavyweight in the fishing industry. It is the world’s 4th largest producer of fish and the sector accounts for some 2.5% of its GDP.
In this context, illegal and unsustainable fishing practices, the overexploitation of stocks in many areas and sea pollution pose major challenges for the Indonesian government, which recently adopted the notion of “blue economy”.
© Fanny GRANDVAL
A spatial oceanography center to fight against illegal fishing and protect coral reefs
AFD has granted a USD 30m subsidized loan to the Indonesian Agency for Marine and Fisheries Research.
The financing aims to improve the management of Indonesia’s inland seas and coastal areas by setting up a real-time observation and analysis oceanographic network.
French expertise internationally recognized
French actors have an internationally recognized expertise in the field of processing satellite and radar data. For the project financed by AFD, at the end of 2012 the Indonesian government selected the French company CLS (Collecte localisation satellites), a subsidiary of CNES (French space agency) and lfremer, well-known for its Argos satellite-based data location, to build a research and surveillance center, a station to acquire satellite imaging, a high-resolution radar and predictive models for trends in the tuna population.
The use and sharing of these skills will allow the country to fight against illegal fishing more effectively and provide better monitoring of fish stocks. It will also enhance the protection of coral reefs and mangrove swamps.