French Aid Agency Approves Projects Totaling USD550 Million

The French Development Agency is providing USD18 million to support an economic and social development program in eastern Kabul. The project covers agriculture, health, education and electrification. Photo by: Bruce MacRae on Flickr

The French Development Agency, or AFD, approved 450 million euros (USD550 million) for sustainable development projects in Asia and Africa during a May 27 meeting of its board of directors.

According to a press release from AFD, the approved projects include the following: -    Loan worth 50 million euros for a water distribution project in South Africa.      -    Grant amounting to 20 million euros for the regional economic program of the West Africa Economic and Monetary Union.-    Grant worth 30 million euros for the regional economic program of the Economic and Monetary Community of Central Africa.-    Grant of 15 million euros for an economic and social development program in Afghanistan.-    Loan worth 50 million euros for a power transmission project in Egypt.-    Loan worth USD300 million for a program on climate change in Indonesia.-    Grant amounting to 7 million euros for the final phase of a ten-year basic education development plan, or PDDEB, in Burkina Faso.-    Grant worth 3.3 million euros for a program to promote rice partnerships in Senegal.-    A partial portfolio guarantee of 10 million euros for Banky Fampandrosoana Ny Vaotra – Société Générale for SME equipment loans.-    Grant worth 5 million euros for the Infrastructure Trust Fund.-    Loan amounting to 20 million euros to build vocational training centers focusing on the automotive sector in Morocco.-    Budget of 20.8 million euros (20 million euros in loans and 800,000 euros in grants) to execute a water resource management and agricultural rehabilitation project in Vietnam.-    Grant worth 6 million euros to support integrated waste management projects in Haiti.

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    Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.