(AFD) is a financial institution and the main implementing agency for France’s official development assistance to developing countries. AFD was founded in 1941 and has a mission to finance development under France’s Official Development Assistance policies. As a specialized financial institution, AFD comes under French banking law. In the French Overseas Communities, AFD implements a policy, on behalf of the State, to support local public authorities and finance the economy.
AFD’s activities aim to reduce poverty and inequalities, promote sustainable economic growth, and protect “Global Public Goods”, which are of benefit to all humanity. Protecting Global Public Goods includes the fight against climate change and pandemics; the preservation of biodiversity; the promotion of social and environmental responsibility; as well as aid to countries weakened by strife, war and natural disasters.
AFD’s financing and know-how support social, economic and environmental projects in a wide range of sectors, including rural development, urban infrastructure, transportation, agriculture, education, banking and microfinance, energy, health care, telecommunications, mining, housing and eco-tourism.
AFD uses a wide range of financial instruments to underwrite its activities: grants, subsidies, guarantees, sovereign and non-sovereign loans, equity shareholdings, co-financing and local bank intermediation.
AFD works hand-in-hand with many partners: national, regional and local governments; local authorities and municipalities; international agencies; non-governmental organizations; foundations; private companies; entrepreneurs; local banks, microfinance institutions and capital markets.
In addition to leveraging financial assets, AFD leverages its intellectual assets and those of its partners. Through its activities, research and debates, AFD strives to cross-capitalize knowledge in the area of development assistance.
Within the AFD Group, there are more than 1,700 employees who commit their skills and expertise to development. AFD has close to 70 representations abroad and 9 in the French Overseas Communities. With this extensive network, AFD can provide its expertise and know-how to local actors and give close support to the projects it finances. AFD operates with efficiency and responsiveness all over the world through its branch network and its various subsidiaries.
Total New Commitments in 2015
EUR 8.3 billion, i.e. ~ USD 9.4 billion
In 2015, AFD committed over €8.3 billion to more than 60 developing countries in Africa, Asia, the Mediterranean Basin, the Middle East, South America, and to the French Overseas Communities. In 2014, its total assets: €31.2 billion, outstanding loans: €24.6 billion; net banking income: €508 million; net income: €120 million.