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In Kenya, women are building roads to opportunity
In Kenya's arid and semi-arid regions (ASAL), the development of road infrastructure is a key driver of connectivity, safety and access to services. In Maralal, the supported project favours labour-in...
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Morocco: students find power and purpose through sport
Located near Casablanca, the LEAD Morocco Academy is helping children from underprivileged communities grow through football: building discipline, teamwork, and confidence for the future.
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Who controls critical minerals in a fragmented world — and what is left for developing countries?
The energy transition is opening new development opportunities, driven by the growing demand for green technologies. Yet developing countries often remain confined to the role of raw-material supplier...
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Ex-Post decentralized evaluation - NHB project SUNREF, India (CIN1021)
SUNREF India aimed to promote green affordable housing. Implemented by the National Housing Bank (NHB) from 2017 to 2022, the programme sought to integrate environmental sustainability with social inc...
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Young people and development: 10 years of shared commitment
Since 2015, AFD Group has been supporting the agency of young people through a wide range of funding provided to civil society organizations and local authorities.
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AFD Group’s 2025 results: targets met despite a challenging context
AFD Group maintained a high level of activity in 2025, in line with 2024, with an estimated €13.7 billion in commitments and around 1,000 new impact-driven projects. At present, more than 4,300 projec...
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A living laboratory in Türkiye shines a light on the future of French forests
Between 2019 and 2022, Agence Française de Développement supported a sustainable forest partnership program between Türkiye and France, focused on adapting to climate change and protecting biodiversit...
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Handbook on Inequality Measurement for Country Studies - Updated version
Writing a country level study on inequality can be an intimidating task for researchers. How does one begin to conceptualize such a study? What needs to be included? What sorts of analyses are require...
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Djibouti: transforming the Layabley-Moustiquaire neighborhood
In Balbala, home to more than half of Djibouti’s population, the Layabley-Moustiquaire neighborhood is undergoing a transformation. A new road and bridge are improving access to the area, alongside up...
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AFD successfully issued a new 2 billion US dollars bond maturing on February 4, 2031
On Wednesday 28th January 2026, Agence française de développement (AFD), rated A+ (Stable) by S&P and A+ (Stable) by Fitch, successfully issued a new 2 billion US dollars bond maturing on February 4th...
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AFD’s 2026 Funding Program
AFD’s Board of Directors approved the 2026 funding program on January 29th, setting the target at €9.5 billion.
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Investors' page
AFD funds itself mainly on capital markets. As a frequent issuer, AFD issues several public transactions every year and answers to specific queries from investors.
Editorial page
Investors' page - Press releases
AFD finances itself primarily on international capital markets. As a frequent issuer, it launches several public transactions each year and also responds to more specific requests from investors. This...
Editorial page
International economy: Groundswells in relatively calm waters
Amidst a geopolitical environment undergoing reconfiguration, many economic paradigms once thought to be immutable are now shifting before our eyes. This paper aims to provide a brief overview of them...
Publication
AFD and Vanuatu
Vanuatu, an archipelago of 83 islands with nearly 330,000 inhabitants and a GDP of USD 1.12 billion, is particularly vulnerable to climate risks and natural disasters. Cyclones, earthquakes, and risin...
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World Bank and AFD: co-financing scales up in Morocco
On 11 February, Agence Française de Développement (AFD) and the World Bank will meet in Morocco to promote “The Power of Co-financing” – a model set to expand as international aid becomes scarcer and...
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How can mutually beneficial economic interactions between transhumant and sedentary populations be promoted in...
In the Sahel, traditional agropastoral systems involve economic and social interactions between transhumant herders and sedentary populations. While economic complementarity fosters the exchange of go...
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Biodiversity, macroeconomics and sovereign risk
This study explores the links between biodiversity, macroeconomics and sovereign risk, with a focus on emerging and developing countries (EDCs). As a starting point, it details the channels identified...
Publication
Unlocking Development through the Power of Co-financing
On February 11, the World Bank Group, together with the Moroccan Ministry of Economy and Finance and AFD Group, will convene a high-level forum— The Power of Co-Financing— to strengthen collaboration...
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Caring for those who care: training health workers in Mozambique
In Matola, Mozambique, health workers are being trained to improve palliative care and support caregivers. This comprehensive approach combines health care, psychosocial support, and women’s economic...
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