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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
AFD Annual Report 2010 published
Dov Zerah, Chief Executive Officer of Agence Française de Développement, presented AFD’s 2010 results today. With €6.8 billion of commitment approvals, AFD’s activity continued its upward trend in 2010. AFD has scaled up its presence alongside its partners in developing and emerging countries and has set out to consolidate its economic model.
►Download the Annual Report 2010 in French (PDF)
2010: a new year of growth to support development
With €832 million of budget resources allocated by the State,
AFD provided €6.8 billion of project financing in 2010, i.e. an 11% rise on 2009. Its activity accounted for 28% of France’s official development assistance. AFD also paid back €104 million of dividends to the State.
Africa remains the priority with €2.1 billion of financing in 2010.
Two-thirds of the financing break down between infrastructure, urban development, productive sectors and agriculture.
In 2010, AFD’s financing will contribute to:
- Improving drinking water supply systems for 33 million people
- Getting 13.4 million children into primary school
- Upgrading or building transport hubs that will be used by 85.8 million passengers a year
- Supporting energy efficiency by saving 5 million tons of CO2 a year
- Providing access to electrification for 3 million people
- Allocating microfinance loans that will benefit just over 700 000 people
- Supporting agricultural or irrigation projects that will benefit 1.4 million people
2011: consolidation of economic model
Dov ZERAH, Chief Executive Officer of AFD: “AFD has experienced a veritable revolution over the past few years. It has become a key player in development with an activity that has tripled in five years. Today, a new phase is beginning with the consolidation of our model.”
In the coming years, AFD will be focusing its activity on three priority areas:
- Sub-Saharan Africa: 60% of resources allocated to AFD by the State will be earmarked for this region, particularly for the sectors of agriculture and agro-industries, infrastructure, education and health.
- The Mediterranean: AFD will be supporting the recent developments in the region by scaling up its operations in Mediterranean Basin countries, particularly in the productive and vocational training sectors.
- Emerging countries: AFD will be supporting these countries via loans with a low level of concessionality in order to encourage them to set out on a growth path that respects the environment more and is more inclusive.
Consolidating the model requires stabilizing AFD’s level of activity, which is expected to reach €8 billion by 2013. AFD set up a Risk Department in 2011 in order to improve risk management. It has also reinforced its human capital with 125 recruitments in 2010.
Dov ZERAH: “Beyond financing, it is our expertise that our partners are seeking. AFD will also be continuing to actively provide input to international debates through its knowledge production. We will, at the same time, be forging an increasing number of partnerships with other development players such as NGOs, local authorities, private foundations, or again multilateral banks. They help increase the outreach and effectiveness of our actions. In a globalized world, the only winning strategies are cooperation strategies.”
In 2011, AFD will be celebrating the 70th anniversary of its creation in 1941 by General de Gaulle. AFD will be marking the occasion by organizing events to meet the French public in order to raise their awareness of North-South issues and allow them to learn more about development results. A travelling open-air exhibition called “Objectif Développement”, designed in partnership with Magnum Photos, will be launched in Bordeaux on 21 May 2011. It will be travelling to all the major cities in France throughout the year.
Agence Française de Développement (AFD) is a public development finance institution that has been working to fight poverty and support economic growth in developing countries and the French Overseas Communities for 70 years. It implements the development policy defined by the French Government.
With agencies in over 50 countries, AFD finances and supports projects that improve people’s living conditions, promote economic growth and protect the planet: getting children into school, support for farmers and small businesses, water supply, tropical forest preservation, fight against climate change…
Pre-appraisal joint mission AFD - EIB
A joint mission of the AFD and the EIB (European Investment Bank) visited Cairo on May 9-12 to pre-assess the project of funding Phase 3 of the Cairo Metro line 3 via the National Authority of Tunnels (NAT).
AFD and Plan Bleu renew their partnership to support sustainable development in the Mediterranean
Agence Française de Développement (AFD) and Plan Bleu today signed a Memorandum of Understanding renewing their partnership. The aim is to continue to exchange information on actions implemented in the Mediterranean and to conduct joint research on the interactions between development and the environment in this region.
The partnership between AFD and Plan Bleu dates back to November 2007. It comes under the Mediterranean Strategy for Sustainable Development defined by 21 Mediterranean countries and the European Community during the Barcelona Convention in November 2001. This partnership focuses on core issues for the Mediterranean, such as climate change, water, energy, transport, tourism, as well as urban, rural and coastal areas.
With the launch of the Union for the Mediterranean, it has been possible to pool efforts and cooperation for sustainable development in the Mediterranean in order to support the priorities defined during the Summit of Heads of State and Government in Paris in July 2008: water, urban development, energy and transport.
The Marseille Center for Mediterranean Integration (CMI), to which both AFD and Plan Bleu contribute, will also make it possible to build synergies with the Center for Financial, Economic and Banking Studies (CEFEB), AFD’s corporate university which is also located in Marseille.
Workshop on the Franco-Egyptian cooperation in the agricultural sector in Egypt
AFD conducted a review of the agricultural sector in Egypt during which the agency in Cairo and the Egyptian Ministry of agriculture organized a Franco-Egyptian workshop on the prospects for Egyptian cooperation in the agricultural sector on 13th and 14th of April.
The Egyptian agricultural sector represents 30% of jobs (but contributes over 50% indirectly in Upper Egypt) and contributes to GDP up to 15.5%.If Egypt imports a lot of cereal, it exports are also a various products in Europe and Arabia.
Participants included the French delegation of AFD, representatives of research institutes and French services economic services.
Around fifteen of high-level Egyptian character, having participated in the conception of national strategy, presented the sector diagnostic, the national strategy and the actual Franco-Egyptian cooperation.
On this basis, supplemented by a presentation from the expertise of AFD in the sector, areas of cooperation have been identified, and deepened through interviews with complementary Egyptian actors.
For instance:
The continuation of improving irrigation plots programs.
Structuring of remunerative export channels or local and contributing to food safety (wheat, milk, aquaculture...)
Financing grain storage.
Fixing the institutional reforms to facilitate contracts between farmers, association of producers and intermediate courses (major producers, processors, exporters ...)
A strong attention has been paid to donor coordination and research collaboration with other partners, particularly European
Visit to an informal settlement in Cairo with German cooperation
In order to examine current initiatives to improve neighbourhoods and informal settlements in Cairo, the AFD and the German Cooperation (KfW and GIZ) held Wednesday, April 6 a visit to the informal settlement of Bulak El Dakrour.
Jean Felix Paganon, Ambassador of France and Michael Bock, Ambassador of Germany joined the visit. The objective of this initiative was to observe the field achievements of a pilot project, funded by the German cooperation, local development in informal settlements in Cairo. 63% of the population, nearly 7.1 million people currently living in informal settlements in Cairo.
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