Agence Française de Développement (AFD) is a public financial institution that implements the policy defined by the French Government, works to combat poverty and promote sustainable development.
AFD operates on four continents via a network of 75 offices and finances and supports projects that improve living conditions for populations, boost economic growth and protect the planet. In 2015, AFD earmarked EUR 8.3bn to finance projects in developing countries and for overseas France.
AFD’s activities are aimed at reducing poverty and inequalities, promoting sustainable economic growth, and protecting “Global Public Goods” of benefit to all humanity. Protecting Global Public Goods includes the fight against climate change and pandemics; the preservation of biodiversity; the promotion of social and environmental responsibility; as well as aid to countries weakened by strife, war and natural disasters.
AFD uses a wide range of financial instruments to underwrite its activities: grants, subsidies, guarantees, loans, equity shareholdings, co-financing and local bank intermediation.
AFD works hand-in-hand with many partners: national, regional and local governments; local authorities and municipalities; international agencies; non-governmental organizations; foundations; private companies; entrepreneurs; and local banks, microfinance institutions and capital markets.
In addition to leveraging financial assets, AFD leverages its intellectual assets and those of its partners.