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P R O P A R C O - SUS TAINABLE DE VELOPMENT REPORT
Concessional financing to scale up our clients’ impact and support their risk-taking To accelerate transitions, private sector and
institution, manager of international mandates)
investors’ access to concessional resources
and technical capacities (fiduciary, control,
is increasingly integrated into international
human and logistical) as well as its global,
donors’ strategies, and their resources devoted
thematic and geographical know-how.
to these activities are growing. For some years, Proparco has been mobilizing this opportunity: it has been using concessional resources
Proparco, partner of the Green Climate Fund
blended with market instruments. The goal is to diversify and adapt its instruments to
Furthermore, Proparco has been accredited since
project and company needs and risk levels that
2016 to mobilize funding from the GCF. Approved
it wishes to finance and support in the search
by Proparco’s board of directors on October 5,
for additional and transformational impacts.
2018, the partnership with the GCF was signed
Provided that they are well used and in com-
in the form of a Framework Agreement in April
pliance with the principles stated in the AFD
2019. This partnership is a strategic opportu-
Group positioning notes, concessional financing
nity for Proparco: it reinforces its capacity to
opens real opportunities of additionality in
support the private sector in its low-carbon
certain operations.
transition. Access to the GCF moreover opens
The management of four delegated funds, a sign of recognition for Proparco
possibilities for Proparco to manage grants or to become a manager of subsidized loans or capital investments with a risk profile. These tools are complementary and make it possible to round out the attractiveness of Proparco’s own
With the “7 pillars” accreditation, Proparco has been able to manage delegated European Commission funds since 2015. Today it manages 4 delegated funds, directly or in partnership
financing thanks to the mixing of resources.
Stronger links with its partners
with AFD and the EDFIs, in the form of facilities which can be used for several financial
In order to deepen the partnerships with these
operations. The accreditation received from
entities, in 2016 Proparco allocated specific
the European Commission is recognition of
resources to its TA unit, which—tasked with a new
Proparco’s work. It testifies to Proparco’s
role—became the “TA and Resource Blending”
capacities for appraisal, implementation and
unit. This new arrangement has facilitated the
effective management of EC financing for a wide
mobilization of funds via capitalization and
range of operations, instruments, risk-sharing
feedback on experience, and it has enabled better
and amounts. It also highlights the relevance
compliance with the stringent accountability
of its many institutional capacities (banking
demands imposed by these delegators.
