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The AFD Group is France's main player in public development aid. As such, it funds development projects in 115 countries through loans, grants, guarantees and equity investments.
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Gongo © Joseph Moura / AFD
AFD's funding is aimed at governments, local authorities, public and private companies, including banks, French NGOs and foundations.
AFD does not directly finance NGOs in developing countries: its funding is channeled through French NGO programs. Nor does it fund projects carried out by individuals.
The Group also grants financing to private companies from developing countries, mainly via Proparco, its subsidiary dedicated to the private sector.
AFD offers loans to governments, local authorities, public institutions and foundations. 

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AFD provides grants for projects carried out by French NGOs.

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AFD has set up grants intended for French local authorities (FICOL) to support developing countries, particularly in terms of technical expertise.

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AFD offers guarantees to French companies (FASEP) to support the establishment of French SMEs abroad.

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AFD offers loans and guarantees or makes equity investments in companies located in the countries in which it is active, mainly via PROPARCO, its private-sector financing arm.

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AFD provides guarantees and credit lines to banks and financial institutions in the countries in which it is active, in order to facilitate access to funding for small businesses in developing countries. 
  • This mainly involves helping banks to better finance the agricultural sector (AGREENFI).

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  • Helping banks to better finance companies' ecological and energy transition (SUNREF).

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  • This also includes guarantees (ARIZ) that facilitate access to finance for small businesses and microfinance institutions in developing countries.

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AFD supports start-ups with a social purpose through several mechanisms:
  • Proparco can finance them directly if the need exceeds 1 million euros, or indirectly via investment funds. Given the minimum amounts, this is financing to support growth, not seed funding. 

  • FISEA, the investment and support fund for businesses in Africa, uses equity investments to finance the growth of companies and financial institutions that create employment and have an impact on development in Africa. This fund is held by AFD and advised by Proparco.

  • Via Digital Africa, an open and collaborative innovation approach bringing together the players in innovation ecosystems in Africa. A start-up competition is organized every year within this ecosystem.