Member Profile for AFD, Paris
Agence Française de Développement is the operator for France’s bilateral development finance mechanism. It is a public industrial and commercial institution with the status of specialized financial institution. Its action is in line with the policy set out in France’s Framework Document for Development Cooperation. This document was approved at the end of 2010 and in 2011 was translated into a three-year contract specifying objectives and resources between the French Government and AFD.
AFD’s teams are based in Paris and Marseille and in a network of seventy-five agencies and representations in developing countries and the French overseas provinces.
AFD Group comprises a private sector financing arm, Proparco, and is also a shareholder of housing companies and a financial company in the French overseas provinces, where the Group plays a specific role in this sector.
AFD is also responsible for the management of the French Global Environment Facility (French GEF), which cofinances projects that reconcile environment and development
In 2015, AFD earmarked EUR 8.3bn to finance projects in developing countries and for overseas France.