20 15 KEY FIGURES
Our impact on local development Proparco is committed to accountability and transparency. And meeting that commitment involves measuring the results and impacts of its work. Financing and co-financing by Proparco in 2015 will impact development on several fronts*.
CLIMATE
JOBS
876,000
120,000
750,000
avoided per year.
will be created or maintained at Proparco-financed banks, businesses and infrastructure operators.
will be created indirectly or maintained among their suppliers and clients, over 350,000 of them engaged in farming.
teq CO2
direct jobs
EDUCATION
indirect jobs
GENDER
ENERGY
45,700
1,405
39%
will get quality education at institutions financed by Proparco.
of nameplate power capacity, 695 MW of it from renewable energy sources.
at Proparco-financed banks, businesses, infrastructure operators and investment funds will be made up of women.
students
megawatts (MW)
MICROFINANCE
of the workforce
ADDED VALUE
CSR
145,827
30
749
will be microcredit beneficiaries.
accompanied to approve their environmental and social practices.
generated in the form of wages and benefits in countries where Proparco operates.
people
projects
million euros
*NB : These indicators show the expected outcomes, based on the institution’s analysis, for 50 projects financed by Proparco in 2015 (excluding FISEA) representing a total of ₏882m in new commitments. Derived from ex ante evaluations, they reflect an overall policy of contributing to development.
More than a billion euros to boost the private sector’s contribution to development
FINANCING APPROVALS (in €m)
1,023
1,066
1,054
For the fourth year in a row, Proparco has stepped up its efforts, with financing of approximately one billion euros approved for businesses and financial institutions working in developing and emerging economies. Whether as financial contributors, operators or providers of technical solutions, those companies engage in activities that are essential to development, including energy production, agribusiness, freight and passenger transport, financial services, healthcare and education.
AFRICA AS PRIORITY FOCUS
FURTHER « CLIMATE » COMMITMENT
RECORD USE OF EQUITY AND SIMILAR INSTRUMENTS
financing 62% ofapproved
equal to €648m
by Proparco this year went to Africa, in line with the French government’s commitments on behalf of the AFD Group.
€115m
equal to 12% of our funding
invested in equity, quasi-equity and subordinated loans to boost the strength and growth potential of private companies operating in developing and emerging economies.
€296m
2013
2014
2015
1/3
OF ALL FINANCING APPROVALS FOR FRAGILE STATES (least advanced countries – LACs- and low-income and/or post crisis countries)
equal to 32% of our funding
for projects with a positive impact on climate change (e.g., renewable energy, energy efficiency).
PARTNERING TO ACHIEVE GREATER LEVERAGE
22% of all funding provided through co-financing arrangements with our fellow EDFIs – Germany’s DEG and the Netherlands’ FMO – totalling over €1 billion.
New commitments
NEW COMMITMENTS
(at December 31, 2015)
€922m
32
59
countries
projects
at Dec. 31, 2015 (excluding FISEA)
by sector (% of total)
5% (€47m)
9% (€85m) Agriculture and agribusiness
4% (€38m)
17% (€159m) Renewable energy and energy efficiency
3% (€31m) Tourism
Health and education
Microfinance
3% (€26m) Telecommunications
56% (€516m)
Financial institutions and markets**
2% (€20m)
Miscellaneous and multi-sector
PARIS Proparco’s headquarters
by instrument (% of total) 84% 10%
16%
of new commitments (€145m)
(20% of total)
CASABLANCA North Africa
ABIDJAN West Africa
DOUALA Central Africa
31%
SAO PAULO South America
€979m
of outstanding amounts* (22% of total)
23% of new commitments (€210m)
€1,570m
of outstanding amounts* (35% of total)
JOHANNESBURG South Africa and Indian Ocean
2% (€86m)
Telecommunications
Financial institutions and markets**
of outstanding amounts* (17% of total)
1% (€31m) Microfinance
by instrument (% of total)
Miscellaneous and multicountry: 7% of new commitments (€61m) and €144m loans and equity (3.5% of total)
Our 11 offices and the areas they cover around the world. NB : The percentage of new commitments in Sub-Saharan Africa only partially reflects Proparco’s activity in the region, given that facilities totalling €424m are yet to be signed.
*Including oustanding loans and equity stakes portfolio
KEY EVENTS
Healthcare and education
47% (€2,089m)
€111m
Proparco presents its new strategy for 2014-2019 to organizations from civil society.
4% (€153m)
Miscellaneous and multi-sector
of outstanding amounts* (2,5% of total)
Civil society
Energy infrastructure***
34% (€1,547m)
French overseas territories
JAN.
4% (€162m)
Manufacturing
€767m
at Dec. 31, 2015 (excluding FISEA) Agriculture and agribusiness
6% (€248m)
24% of new commitments
*
4% (€173m)
by sector (% of total)
(€218m)
of new commitments (€289m)
Others
OUTSTANDING AMOUNTS BANGKOK North and Southeast Asia
NAIROBI East Africa
Guaranties
2%
NEW DELHI South Asia
LAGOS Nigeria
MEXICO CITY Central America and the Carribean
Equity investments
4%
ISTANBUL Turkey and the Middle East Central Asia, Caucasus, South and East Europe
€916m
of outstanding amounts*
Loans
90%
Loans
9% 1%
Equity interests Others
*Including oustanding loans and equity stakes portfolio **Includes banking sector development, business financing and lines of credit for renewable energy and agribusiness projects. ***Both renewable and conventional.
APRIL
Senior management
Amaury Mulliez, the former head of the Banking and Capital Markets Division, is appointed Deputy Chief Executive Officer in charge of Operations.
JUNE
Social business
Proparco and the AFD launch an initiative to support “social entrepreneurship and inclusive economy projects” via a social business facility, an expanded mandate for FISEA, the ARIZ risk-sharing mechanism and more.
AUG.
Renewed ambition
President Hollande announces a €4 billion increase in French development assistance by 2020, including €2 billion to address climate change, with implementation by the AFD Group.
Project commitments in 2015 SUB-SAHARAN AFRICA Burkina Faso
Technical assistance to strengthen a brand of high nutritional value foods
Healthcare
Cameroon
Funding support for local businesses
Banking
Ivory Coast
Technical assistance to develop financing solutions for farmers
Ivory Coast Guinea
in €m
ASIA AND THE CAUCASUS
0,04
in €m
7,84
Azerbaijan
Expansion of microcredit in rural areas
Microfinance
40
Bangladesh
Funding support for local SMEs
Banking
13,78
Microfinance
0,01
Bangladesh
Dedicated funding support for socially responsible textile companies
Banking
18,37
Support for a microfinance institution’s expansion
Microfinance
0,25
Bangladesh
Technical assistance to a bank for managing E&S risk
Banking
0,05
Support for the creation of a business hotel chain
Tourism
2,97
Bangladesh
Technical assistance to train staff at six banks in managing E&S risk
Banking
0,03
Kenya
Hotel infrastructure renovation
Tourism
18,37
Myanmar
Development and operation of a telecoms network
Telecoms
18,67
Kenya
Technical support for measurement of hotels’ impact on local development
Tourism
0,04
Cambodia
Funding support for local SMEs and micro-enterprises
Banking
13,78
Kenya
Construction of small hydropower plants for a tea-growers’ cooperative
Agribusiness
13,78
Cambodia
Technical assistance in managing and upgrading customer relationship at a microfinance institution
Microfinance
0,06
Madagascar
Support to strengthen a local bank
Banking
5
China
Funding support for clean buses
Transport
Mali
Hotel infrastructure construction and renovation
Tourism
12,40
Georgia
Expansion of microcredit in farming areas
Microfinance
Nigeria
Funding support for local businesses
Banking
60,42
India
Construction and operation of a wind farm
Renewable energy
5,15
Nigeria
Long-term funding support for infrastructure projects
Banking
2,90
India
Support for the expansion of a local photovoltaic company
Renewable energy
7,80
Uganda
Construction and operation of a hydro-electric power plant
Renewable energy
1,12
India
Investments in local agribusiness SMEs
Agribusiness
9,18
Uganda
Operation of a hydro-electric power plant
Renewable energy
0,78
Pakistan
Construction and operation of a wind farm
Renewable energy
16,70
DRC
Support for the regional expansion of a pan-African telecoms carrier
Renewable energy
3,09
Sri Lanka
Funding support for farming SMEs and agribusiness companies
Banking
45,93
Tanzania
Support for local currency funding for local businesses
Banking
13,78
Sri Lanka
Funding support for local SMEs to purchase vehicles
Banking
9,18
Zambia
Support for local currency funding for local businesses
Banking
18,37
Multi-country Funding for agribusiness, healthcare, water, ICT and other projects
Multi-sector
5,51
Multi-country Support for an off-grid solar power developer
Renewable energy
0,59
Multi-country Expansion of available hospital care and drugs in South and Southeast Asia
Healthcare
13,78
Multi-country Support for the growth of a bank in Africa and Madagascar
Banking
2,55
Multi-country Development of hospitals and clinics
Healthcare
4,59
Multi-country Expansion of a pan-African banking network
Banking
2,30
Multi-country Technical support for soil decontamination and rehabilitation on a rail line
Transport
0,06
Multi-country Support for social enterprise development in East Africa
Multi-sector
5
Multi-country Technical support for local agribusiness micro-enterprises
Agribusiness
0,25
Multi-country Support for SMEs offering solutions for access to clean, affordable energy in rural areas and the urban hinterland.
Renewable energy
Multi-country Support for SME development in Africa
Multi-sector
13,78
Multi-country Technical assistance to microfinance institutions and small farmers’ organizations
Microfinance
0,13
Multi-country Structuring support for African investment funds dedicated to financing micro-enterprises
Multi-sector
2
Multi-country Funding support for energy, transport, sanitation and other infrastructure projects
Multi-sector
10
5
LATIN AMERICA AND THE CARIBBEAN Bolivia
Funding support for farming and agribusiness companies
Banking
9,18
Brazil
Support for a sugar company’s expansion
Agribusiness
55,11
Chile
Construction and operation of a solar power plant
Renewable energy
18,13
Costa Rica
Funding support for local farming SMEs
Banking
Costa Rica
Construction and operation of four wind farms
Renewable energy
48,68
Honduras
Dedicated funding support for renewable energy projects
Banking
45,93
Peru
Construction and operation of two wind farms
Renewable energy
26,45
DR
Support to extend and equip faculties at a non-profit university
Education
14,70
DR
Support for local currency funding for local businesses
Banking
27,55
Multi-country Funding support for farming and agribusiness SMEs
Finance
18,37
Multi-country Funding for renewable energy and energy efficiency projects
Renewable energy
13,78
SEPT.
Funding for Mali
Proparco’s first funding in 15 years for Mali, a country undermined by years of crisis, to support a local hotel company.
OCT.
Latin Finance
11,02
Proparco, FMO, DEG and CAF win the Best Renewable Energy Financing in Latin America award from Latin Finance for two wind farms in Peru.
22,96 9,18
NORTH AFRICA AND THE MIDDLE EAST Egypt
Expansion of leasing to local businesses
Finance
13,78
Egypt
Support for the expansion of a local private company providing education from elementary to university level
Education
13,78
Iraq
Extension of bottled water and beverage production capacity
Agribusiness
7,35
Lebanon
Technical project development support for construction of a hospital
Healthcare
0,02
Morocco
Support for microcredit lending by a local institution
Microfinance
10
Morocco
Technical assistance to help bring a financial institution’s procedures into compliance
Microfinance
0,02
Tunisia
Support to make more funding available to businesses
Banking
Tunisia
Funding support for local SMEs and micro-enterprises
Banking
Tunisia
Technical assistance in structuring and launching a start-up incubator
Education
Turkey
Dedicated funding support for small-scale renewable energy projects
Banking
15
Turkey
Dedicated funding support for renewable energy and energy efficiency projects
Banking
30
Turkey
Dedicated funding support for SMEs in farming, above all organic
Banking
Multi-country Investment in SMEs and mid-tier companies
Multi-sector
20 10 0,13
20 4,59
MULTI-COUNTRY AND MISCELLANEOUS Montenegro
Funding support for local SMEs and micro-enterprises
Renewable energy
17
Multi-country Technical assistance in structuring and launching a start-up incubator
Telecoms
Multi-country Dedicated funding support for small-scale renewable energy projects
Financial markets
25,72
Multi-country Dedicated funding support for renewable energy and energy efficiency projects
Microfinance
11,02
NOV.
Investors’ Club
Over a hundred business people and experts get together to discuss the theme, “Anticipating climate disruption – a winning bet for investors and businesses”.
DEC.
COP 21
7,60
Proparco, the AFD and 24 financial institutions commit to greater incorporation of climate issues into their work.
Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to private sector financing, has been acting to promote sustainable development for nearly 40 years. In 80 countries spanning Africa, Asia, Latin America and the Middle East, Proparco provides funding and assistance to businesses and financial institutions. Proparco ranks today among Europe’s foremost development financing institutions, often conducting joint projects with its counterparts. Its work focuses on sectors that are crucial to development, such as infrastructure – with emphasis on renewable energy – agribusiness, finance, healthcare and education. Through the support it provides, Proparco contributes to job creation, the supply of essential goods and services and, more broadly, to the reduction of poverty and climate change mitigation. In addition to financing, Proparco’s role also involves encouraging the emergence of socially responsible, innovative business people and financial service providers in developing and emerging economies. This means helping its clients improve their environmental and social performance and their governance. Moreover, to achieve its aims, Proparco takes a broad-based approach to governance. Alongside majority shareholder AFD, public and private sector financial institutions from France, Africa, and Latin America, service providers, industrial firms in countries where Proparco operates and ethical funds and foundations are all part of its governing bodies.
10-31-2816 / 03-2016
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