Annual results: AFD’s commitments top the EUR 10bn mark in 2017
Rémy Rioux, Chief Executive Officer of Agence Française de Développement (AFD) Group, presented on this 12 April 2018 the key figures for the public institution’s activity in 2017. With EUR 10.4bn of commitments, AFD is continuing its growth, with an 11% increase in its activities in a year and a 25% increase over the past two years.
AFD’s 2017 commitments, for an unprecedented amount, are in line with the French President’s wish “to have a France equal to the development challenge”. This was the thrust of the speech made by Emmanuel Macron in Ouagadougou (Burkina Faso) on 28 November 2017: “Consequently, I made the commitment, right at the beginning of my term, to achieve by the end of this term 0.55% of gross national income being dedicated to Official Development Assistance. That is a firm and demanding commitment. (...) Because those efforts are France’s contribution to the success of a whole continent, of many countries, and because it is also part of our success”.
While 70% of French people, including 71% of 15-25 year-olds, are in favor of supporting developing countries (IPSOS 2018 Barometer), AFD is continuing to increase the volume of its financing to implement the international community’s objectives (SDGs, Paris Climate Agreement), by extending its field of operations, working more closely with its partners in France, Europe and around the world. AFD is consequently continuing to increase the volume of its financing, in line with the Presidential commitment, an increase confirmed by the decisions of the Interministerial Committee for International Cooperation and Development (CICID) of 8 February 2018.
In Uganda, this level of performance is reflected accordingly where AFD committed over 73 M€ in 2015, 121.5M€ in 2016 and 202.2M€ in 2017, more than doubling its interventions in Uganda over the last three years with a view to supporting more resilient and inclusive development in three main sectors: infrastructure including water and sanitation and energy, private sector, environment and climate change, in consistency with the main priorities raised by the Government of Uganda and private key players and in line with the Sustainable Development goals and the Paris Agreement on Climate change.
For the 2018-2020, AFD has been requested by GoU to bring low cost funding for:
- Kampala-Jinja Expressway - soft loan and grant from the EU – under appraisal.
- Street lighting for Kampala – under feasibility study.
- Mini hydro Power plants in West Nile - under feasibility study.
- Isingiro water and sanitation supply - under feasibility study.
- Lake Mburo and Queen Elizabeth NP – under feasibility study.