The French Government authorized AFD’s intervention  in Egypt in 2004. The Agency started project identifications in 2005. In April 2006, AFD and the Ministry of International Cooperation signed an Framework Agreement, approved by Presidential Decree and ratified by the Parliament; the agreement entered into force in February 2007. Photo © Ed Yourdon

News

Promoting African and Intra-african trade

21/09/2015
African Export-Import Bank (Afreximbank) and AFD have signed on 18th of September a credit facility agreement for an amount of EUR 100M. The purpose of the facility is to support Afreximbank’s ongoing intervention in transforming the structure of African trade
The facility will support trade and trade related investments, projects and export development activities, which will enhance intra and extra African trade, thus promoting diversification and value addition in African exports.
 
The Agreement was signed by M. Jean-Louis Ekra, President, Afreximbank, and Ms Stéphanie Lanfranchi, Country Director, AFD Egypt office. Such facility is the first transaction between AFD and Afreximbank and paves the way for a long-lasting partnership between these two development banks, which are sharing a strong common objective of promoting economic development in Africa.

 



Increasing income of small farmers and strengthening agricultural sectors

09/08/2015

On August 5, 2015, the AFD granted the Government of the Arab Republic of Egypt a sovereign concessional loan amounting to EUR 30M to improve the access to financing for agricultural producers and processors. This credit line will be complemented by a donation from the European Union amounting to EUR 22 million and a contribution from the Arab Republic of Egypt, aiming to strengthen and structure the agricultural sectors.

 

The Financing Agreement was signed by representatives of the Egyptian Central Bank, the Ministry of Agriculture and Land Reclamation and the AFD in the presence of the Ambassador of France in Egypt, Mr. André Parant.
 
The Project's purpose is to increase the income of small farmers and processors of the agricultural sector by facilitating their access to credit and further integrating them within the agricultural sectors. This credit line is expected to benefit more than 400 agricultural SMEs and participate in the creation of 20 000 direct and indirect jobs.
 
The contribution in the form of an EU subsidy is essential to strengthen the capacities of the different actors of the agricultural sector. This grant will also allow the development of an innovative guarantee facility, the first facility entirely dedicated to the agricultural sector in Egypt.
 
Through the signing of the Financing Agreement, which constitutes a key step in the implementation of this Project, France confirms its commitment with the Egyptian authorities in the agricultural sector.


17/03/2015


Agence Française de Développement’s 2014 Results: Over EUR 8 billion for a more equitable and more sustainable world

17/03/2015

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.


Concrete impacts

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 bonds

For 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:
Ebola: a new treatment center was set up in the Guinea Forest Region thanks to a EUR 5m grant via a Debt Reduction-Development Contract
Bêkou Fund: this fund, with EUR 64m at the end of 2014, was created on the initiative of AFD. It allows European donors to pool their financing in order to support the crisis management and subsequent post-crisis process in CAR. It aims to recreate essential services, contribute to economic development and promote stability in the country and sub-region.

 

 

►Summary of 2014 activity results



The AFD interested in contributing to the financing of the modernization of the Alexandria Tram

16/03/2015

During the third day of the Egypt Economic Development Conference (EEDC) held in Sharm El-Sheikh, the French Development Agency (AFD) announced that it is interested, in principle, in contributing to the financing of the project for the modernization of the Raml Tram (known as the “Blue Tram”) in Alexandria. The Egyptian authorities recently selected this project as the highest-priority transport project for the city of Alexandria. The engineering consulting firm Egis Rail presented the project during the Conference.

The selection of the project was made on the basis of the results of a study on urban transport in Alexandria, conducted by Egis Rail and financed through a grant delegated by the European Union to AFD. During the first phase of the study, a detailed diagnosis of the state of transport in Alexandria was carried out, and the relevance of different transport alternatives for the city was analyzed. During the second phase of the study, a detailed feasibility study of the modernization of the Blue Tram project will be undertaken.


 
   
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