2024 Universal registration document

Amid the geopolitical, economic, environmental and financial uncertainties of today’s world, we need to stay the course towards international solidarity, as defined in 2015 in the United Nations 2030 Agenda and the Sustainable Development Goals (SDGs). The AFD Group's mission, alongside its subsidiaries Proparco and Expertise France, is to finance and share the innovations that are emerging around the world, and to link the interests of the French people with those of our partners, with a view to building mutual interests.

By investing €13 billion in 2024, the AFD Group has contributed to providing concrete responses, demonstrating its effectiveness and impact in all circumstances, and cultivating a partnership approach. Against a backdrop of strict control of public spending, the AFD Group has fully played its role as a public bank leveraging significant resources. With €1 from the French taxpayer, AFD is able to invest and mobilise €12. With almost €2 billion in budgetary credits allocated by the State last year, the AFD Group managed to increase its financing sixfold, by issuing bonds on the financial markets, to which can be added €12 billion in public and private, joint and parallel co-financing. The Group’s business model generated consolidated net income of €344 million and a capital adequacy ratio of 15.26%.

This business model makes it possible to achieve significant development impacts. Our business plan is built by targeting operations according to their impact intensity, and the Group ensures that these results are measured over time. We are also investing in the preservation of global public goods, by meeting 85% of France’s climate finance target, i.e. €7.7 billion in 2024, but also by dedicating more than €1 billion to the protection of biodiversity. This commitment to serving the planet is being developed with our partners by taking into account fairness in the transition.