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.
