France Doles Out More Than USD600M in Foreign Aid

The French Development Agency, or AFD, is investing euro450 million (USD628 million) in development projects in Haiti, Morocco, Vietnam and Turkey, among other countries.

The funding levels for the projects were ironed out in a late September meeting of AFD’s board of directors, but details were released recently.

The approved funding includes:

- euro13 million in grant for the reconstruction of a hospital in Port-au-Prince, Haiti.- euro6.46 million in grant to support the initial phase of a neighborhood reconstruction project in Haiti.- euro15 million in budget support grant for the Haitian government. - Some euro20.5 million worth of financing for urban infrastructure and equipment programs in Vietnam.- More than euro21 million in budget support grant to Ghana.- euro220 million in loan for the construction of Morocco’s first high-speed railway line.- euro100 million to promote energy efficiency of Turkey’s small and medium-sized enterprises.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.