0

#WeSayWeDo

in COMMON

Towards

a WORLD

Moving

TOGETHER,

ANNUAL REPORT

2020-2021

*in areas where AFD’s Africa Department operates

ASIA and the

MIDDLE EAST

BN

.

THREE OCEANS

BN

.

AFRICA*

BN

.

LATIN AMERICA

BN

NON-GEOGRAPHIC

ACTIVITY

BN

.

of commitments

12.1 BN

In 2020, AFD Group’s commitments—including those of Proparco—reached more than €12 billion, despite the international crisis marked by the Covid-19 pandemic. For an effective response to the health, social, and economic needs of our partners and clients, we took action by mobilizing all the stakeholders involved.

In 2020, 996 new development projects were financed, mainly in Africa.

IN 2020

AFD

GROUP

#WeSay

Resources and appropriate financial tools

In order to provide for the exceptional needs of AFD Group’s partners, we reoriented our commitments and fast-tracked our procedures. In doing so, we’ve demonstrated the crucial roles played by public development banks around the world and by the partnership approach.

Everywhere, the health crisis is amplifying inequalities and reminding us that societies are interdependent. That’s why the long-term challenges of the 2030 Agenda are all the more important. But AFD Group took action from the very start of the crisis, confirming France’s commitment to international solidarity.

of expertise

60,000 days

in turnover for

Expertise France covering more than

€237 M

2 BN

including

996 projects

by AFD Group and

12.1 BN in commitments

To respond to the Covid-19 crisis, we mobilized nearly €3 billion in commitments in 2020. At the same time, our Group activity remains fully focused on the long term, with investments in line with the Paris Agreement and the Sustainable Development Goals.

GROUND

ON THE

TO NEEDS

RESPONDING

#WeDo

Concrete

impact

in commitments by Proparco

IN ACTION

AFD GROUP

#WeDo

FINANCIAL INNOVATION

FOR AID IN DEVELOPMENT

AFRICA, AT THE HEART

OF OUR ACTION

TOWARDS AN

INCLUSIVE SOCIETY

PARTNERSHIPS:

THE PROJECT

ACCELERATOR

CLIMATE

GOALS

SAHEL: A LONG-TERM

COMMITMENT

TO THE REGION

80 YEARS

BY YOUR SIDE

BIODIVERSITY:

FOR A NATURE-FRIENDLY

PRO-ECONOMY

YOUTH TAKING INTEREST

IN DEVELOPMENT

1 YEAR OF

COVID-19

RESPONSES

Cliquez sur les images pour accéder à plus de contenus sur chaque sujet

Loans to businesses

and local authorities

BN

4.9

Loans to States

BN

4.8

Grants (donations to NGOs, C2D, delegations of funds from other donors)

BN

1.8

Guarantees and

equity investments

BN

0.6

A VARIED RANGE

OF FINANCIAL INSTRUMENTS

FOR OUR PARTNERS

Borrowing from

the French government

M

247

Budgetary appropriations

from the French government

M

665

RESOURCES

DEPLOYED

Market borrowings

BN

9.9

Delegated

resources

(including €396 M from the European Union)

M

603

financial tools

and appropriate

Resources

Editorial by

Rémy Rioux

AFD Group in 2020

At the same time, this threefold health, economic, and social crisis is closely linked with the climate and biodiversity crises. With short-term responses comes the risk that actions to benefit the climate and land and marine ecosystems will be delayed—to a point where it will be too late.

 

And what should AFD Group’s role be to deal with this growing divergence? Staying the course in the long term, by mobilizing all possible domestic and international resources to respond to emergency situations: that is the AFD road map inspiring our teams. We must reaffirm this strategy, now more than ever.

The world is in turmoil: the Covid-19 pandemic has triggered economic and social crises that are hampering the pursuit of the Sustainable Development Goals. Poverty, malnutrition, and health indicators are on a downturn: the World Bank predicts that 90 million people will fall back into extreme poverty by the end of 2021, reversing a two-decade trend of improvement. The process of economic catch-up is no longer a given, and inequalities are increasing sharply both between and within countries.

 

The responses to this unprecedented situation have highlighted the discrepancies among countries: while developed countries have been able to devote 24% of their GDP to crisis response and to economic recovery, emerging countries have been able to devote 6% and least developed countries only 2%.

 

The exceptional mobilization of public resources in OECD countries on the one hand, versus the lack of resources to meet financing needs of the poorest countries on the other, opens a new chapter in North-South relations. The need for financing to cope with the pandemic, contracting economies and the ongoing debt crisis has generated growing tensions between developed and developing countries.

convergences

Back to

Laurence Tubiana,

Chair of AFD’s

Board of Directors

 

EDITORIAL

Back to

the main page

In 2020, thanks to the

by AFD…

projects supported

16.6 M

hectares

of natural areas were protected or restored

1.3 M girls

enrolled in school

800,000+ direct and indirect jobs

were created

or maintained by 2025

through Proparco’s actions

saw their access to health care improved

people

16 M

7.4 M

people

now have improved access to electricity

2.5 M people

now have better access to sustainable urban transportation

3.5 M

people

now have permanent access to drinking water

Three

key priorities

Results on the ground

In 2020,

of AFD projects provide a gender-equality co-benefit

%

100% OF PROJECTS ANALYZED FROM A GENDER PERSPECTIVE

in 2020 (+ 25 %)

M

BIODIVERSITY INCLUDED IN ALL PROJECTS

disbursed in 2020

BN

.

HEALTH CARE AND SOCIAL PROTECTION: THE FOCUS OF 2020

priorities

three key

Projects

in all fields

Concrete

impact

Agriculture and food security

455 M

Energy

936 M

Infrastructure and social services

1.48 BN

Health and social protection

1.13 BN

Private-sector financing (productive sector)

2.39 BN

Multi-sector

1.69 BN

Governance

491 M

Transport

445 M

Education

and training

430 M

Water and sanitation

801 M

Climate, environment, and natural resources

1.06 BN

Situations characterized by crisis and fragility

36 M

in all fields

Projects

Back

to the main page

These actions demonstrate the essential role of public banks in crises and in financing sustainable development. This was the purpose of the first ever Finance in Common Summit held in November 2020, at the initiative of AFD and on behalf of IDFC, which I chair. This summit brought together for the first time, the world’s 450 public development banks, which account for 10% of total annual public and private investment.

 

By ensuring that their entire $2.5 trillion in annual financing is aligned with the SDGs, public development banks will make a decisive contribution to the “multilateralism of action” called for by the French President. AFD Group is working resolutely toward this goal, along with Expertise France. And it is backed up by the mandate recently confirmed by France’s programming law on inclusive development and the fight against global inequality.

True to its history and in line with its mandate, AFD Group has been committed since the outbreak of the Covid-19 pandemic to supporting people caught up in the crisis.

 

Out of a total of €12 billion in commitments in 2020, AFD has deployed €3 billion for health and social protection, especially in Africa. We have also increased funds for the Choose Africa program, led by Proparco, to strengthen the resilience of struggling entrepreneurs. Our Group has a countercyclical role to play. That’s why we also significantly increased our disbursements, which grew by 35% compared to 2019. This represents an injection of €9 billion in investments in the field.

 

With the deadline for the Sustainable Development Goals (SDGs) coming up in less than 10 years, this health-oriented and countercyclical effort is fully consistent with our long-term focus, which guides our “100% social link” and “100% Paris Agreement” actions. As a feminist organization, AFD has implemented a gender perspective to analyze all 1,000 projects we supported in 2020. This year we also contributed to the financial commitment made by France at COP21, via €5.4 billion dedicated to climate finance and over €0.5 billion going for the first time to biodiversity.

Long-term

urgency

Rémy Rioux,

AFD Group CEO

 

EDITORIAL

Editorial by

Laurence Tubiana

Resources and appropriate financial tools

ACTIONS

ACTIONS

RESULTS

RESULTS

STRATEGY

STRATEGY

#WeDo

AFD GROUP

IN ACTION

Click on the images to access more content on each subject

To respond to the Covid-19 crisis, we mobilized nearly €3 billion in commitments in 2020. At the same time, our Group activity remains fully focused on the long term, with investments in line with the Paris Agreement and the Sustainable Development Goals.

RESPONDING

TO NEEDS

ON THE

GROUND

#WeDo

Everywhere, the health crisis is amplifying inequalities and reminding us that societies are interdependent. That’s why the long-term challenges of the 2030 Agenda are all the more important. But AFD Group took action from the very start of the crisis, confirming France’s commitment to international solidarity.

ALL SECTORS COVERED

Learn more

CONCRETE

IMPACT

Learn more

THREE

KEY

PRIORITIES

Learn more

996 PROJECTS

IN ALL

FIELDS

Learn more

#WeSay

In 2020, AFD Group’s commitments—including those of

Proparco—reached more than €12 billion,

despite the international crisis marked by the Covid-19 pandemic. For an effective response to the health, social, and economic needs of our partners and clients, we took action by mobilizing all the stakeholders involved. In 2020, 996 new development projects were financed, mainly in Africa.

GROUP

IN 2020

AFD

EDITORIAL

COMMITMENTS IN 4 REGIONS

Learn more

RESOURCES AND APPROPRIATE FINANCIAL TOOLS

Learn more

Rémy Rioux, AFD Group CEO

Learn more

EDITORIAL

Laurence Tubiana, Chair of AFD’s

Board of Directors

Learn more

In order to provide for the exceptional needs of AFD Group’s partners, we reoriented our commitments and fast-tracked our procedures. In doing so, we’ve demonstrated the crucial roles played by public development banks around the world and by the partnership approach.

ANNUAL REPORT 2020-2021

WORLD

COMMON

a

in

moving towards

TOGETHER,

#WeSayWeDo

TOWARDS AN

INCLUSIVE

SOCIETY

Editorial and

graphic design:

Web development:

Image credits:

DR AFD

PARTNERSHIPS:

THE PROJECT

ACCELERATOR

1 YEAR

OF COVID-19

RESPONSES

CLIMATE

GOALS

FINANCIAL INNOVATION

FOR AID IN

DEVELOPMENT

YOUTH

TAKING INTEREST IN

DEVELOPMENT

80 YEARS

BY YOUR

SIDE

BIODIVERSITY:

FOR A

NATURE-FRIENDLY

ECONOMY

AFRICA

AT THE HEART

OF OUR ACTION

SAHEL : A

LONG-TERM

COMMITMENT

TO THE REGION

Discover more

Click here

Discover more

Click here