France OKs $488M in Development Aid

Solar panels. The French Development Agency has approved €100 million in loan and €300,000 in grant for a solar power project in Morocco. Photo by: Andreas Demmelbauer / CC BY

The French Development Agency, or AFD, has approved €350 million ($488.41 million) worth of financing for 17 development projects, including an education initiative in Senegal and a power plant rehabilitation scheme in Ghana.

The funding, which was approved July 7 by the AFD, includes the following allocations:

  • €8 million for an education and vocational training project in Senegal.

  • €5 million for a hydro-agricultural development project in Chad.

  • €9 million in grant to help improve sanitation services in Madagascar.

  • €50 million in loan for the rehabilitation of a water plant in Ghana.

  • €62.5 million for the construction of a dam in Mauritius.

  • €100 million in loan and €300,000 in grant for a solar power project in Morocco.

  • €14.295 million in grant for an economic development program in Afghanistan.

  • €3 million in grant for a farming program in Guniea.

  • €2 million to support Togo’s 2011 economic and financial program.

  • €3.05 million worth of guarantee for loans to small and medium-sized enterprises in Togo.

  • €4.13 million in grant for education development in Tanzania.

  • €14 million in grant to subsidize interest rates of an AFD loan given to Uganda for the Kampala–Lake Victoria water and sanitation project.

  • €4.2 million in grant to improve drinking water suppy in Comoros.

  • €45 million in loan to support Mauritania’s power sector reform program

  • €4 million for the Association of Francophone Universities to help develop distance teacher training in sub-Saharan Africa.

  • €4.5 million to the International Organization of Francophonie for the integration of teaching in national languages into education systems in sub-Saharan Africa.

  • €20 million to finance energy rehabilitation in buildings in Thailand.

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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.