Urban Development & Support for Local Authorities - 2024 Activity report

In 2030, 60% of the world’s population will live in cities. The consequences of this rapid urbanization are social (growth of precarious settlements, increased risks of social fragmentation and poverty), economic (concentrations of unemployed populations and limited access to economic opportunities), and environmental (urban sprawl and increasing climate vulnerability).
AFD helps cities cope with this urban growth and its impacts by supporting their low-carbon transitions and adaptation to climate change. AFD’s goals are to improve the quality of life for city dwellers and to boost sustainable local development. To do so, it helps people take up the challenges of urban growth, social inequality, and vulnerability.
In 2024, AFD Group committed a total of nearly €3 billion to finance new projects for sustainable cities.