Agence Française de Développement

Name

Agence Française de Développement

Legal name

Agence Française de Développement

Website

https://afd.fr

Company type

Public

Founded year

1941

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Development Finance / Public Development Banking

NAICS

International Affairs (92812), Executive, Legislative, and Other General Government Support (921)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Foreign Governments (8888)

akta.pro primary industry

National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC)

akta.pro secondary industries

Economic Growth, Trade & Private Sector Development Programs (BPADABAF), Country Development Assistance Programs (Bilateral ODA) (BPADABAA), Development Cooperation & Foreign Aid Administration (BPAIAIAG)

Keywords

• Development finance
• Public development bank
• Concessional lending
• Climate finance
• Sustainable development funding

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Loan Portfolio: 85% of AFD resources come from bond obligations issued on financial markets to private investors, capital markets, international pension funds, and central banks. AFD's financial strength is based on France's sovereign rating, enabling favorable borrowing terms for development financing.
2. Interest Income: Interest generated from loans granted to clients covers AFD's operating costs including salaries of 4,500 employees in 160 countries, as well as own funds needed to cover default risk. Net consolidated result reached 371 million euros in 2023.
3. Public Subsidies: 15% of resources come from grants from public institutions including the French Government and European Union. AFD receives approximately 2 billion euros annually from the French government for development activities.
4. Sustainable Bond Issuances: In 2023, AFD raised 8.03 billion euros through bond issuances including 3.42 billion euros through sustainable bonds (green and social bonds).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Agence Française de Développement (AFD) is France's inclusive public development bank, providing loans, grants, guarantees, and dedicated financing facilities to sovereign states, local authorities, financial institutions, civil society organizations, and private companies for sustainable development projects in over 160 countries. The AFD Group combines AFD (public sector financing), Proparco (private sector financing), and Expertise France (technical cooperation) to deliver integrated development solutions, complemented by proprietary macroeconomic modeling tools (GEMMES, ESTEEM) and the Campus Groupe AFD training platform.

Product overview

Agence Française de Développement (AFD) is a public development bank that mobilizes financing and expertise to support sustainable development projects. The company operates as a platform combining multiple financial products (loans, grants, guarantees, funds/facilities) with research tools (Gemmes and Esteem macroeconomic modeling tools) and training services (Campus groupe AFD). The core offering centers on development finance with complementary tools for project analysis, modeling, and capacity building, all designed to support actors in public, private, and civil society sectors in implementing high-impact social and environmental projects.

Differentiator

Problem solved

Functional benefit

Brands

• Proparco: AFD's subsidiary dedicated to financing the private sector
• Expertise France
• Campus Groupe AFD
• Gemmes
• Esteem
• MINKA
• Choose Africa 2
• iDICE

Products and services

• Prêts (Loans) AFD's primary financing instrument offering loans adapted to states, local authorities, and companies for sustainable development projects, including concessional loans for Least Developed Countries and market-rate loans for emerging economies.
• Subventions (Grants) AFD grants financing projects with strong social and environmental impact, provided as standalone donations or as complementary instruments alongside loans.
• Garanties (Guarantees) AFD guarantees that secure financing for sustainable investment by mobilizing local resources and reducing risk for partners.
• Fonds et facilités de financement (Funds and financing facilities) Dedicated funds and financing facilities that AFD mobilizes to accelerate strategic sustainable development projects and project preparation.
• Gemmes General Monetary and Multisectoral Macrodynamics for the Ecological Shift — a macroeconomic model that analyzes public policy scenarios to understand transition trajectory triggers and ensure comprehensive economic sector coverage.
• Esteem Exposure to Structural Transition in an Economic-Ecological Model — identifies external, fiscal, and socioeconomic risks faced by developing countries during their transition to lower-carbon economies.
• Campus Groupe AFD Pedagogical innovation laboratory and training platform of the AFD Group offering approximately 80 training programs (MOOCs, tutored online courses, hybrid and in-person training, podcasts, conferences) with nearly 120,000 enrolled participants.

Quantifiable outcome

• 121 million people benefiting from improved access to essential services (water, energy, health, sanitation) through projects financed in 2024
• +5 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core.

• National Development Planning Commission (NDPC) GhanacoreStrategic or Co-development Partner · 24 June 2026Exploratory partnership discussions focused on strengthening cooperation in climate governance, public financial management, and sustainable development. AFD expressed commitment to supporting Ghana through technical assistance, grants, and financing instruments for energy transition, digital governance, and natural resource management.
• RTE InternationalcoreStrategic or Co-development Partner · 22 June 2026Two-year technical cooperation programme to support South Africa's power transmission network modernization. Funded by EUR 650,000 grant from French National Treasury, part of Just Energy Transition Partnership. Focus areas include AI, machine learning, HVDC transmission systems, advanced analytics, and power system stability.
• National Transmission Company South Africa (NTCSA)coreStrategic or Co-development Partner · 22 June 2026Partnership agreement signed at Africa Energy Forum in Cape Town for power grid resilience cooperation. Includes joint research projects, technical workshops, and study visits on AI, machine learning, and HVDC power transmission.
• EDF International NetworkscoreStrategic or Co-development Partner · 5 June 2026Tripartite agreement with Montenegro's CEDIS for electricity grid modernization and digital transformation. Includes technical cooperation, investment plans, and EUR 290,000 grant with potential additional funding for substation reconstruction.
• International Fund for Agricultural Development (IFAD)coreStrategic or Co-development Partner · 13 May 2026MoU signing for Climate-Smart Smallholder Dairy Transformation Project in Tanzania. Partnership reflects development partners' confidence in Tanzania's agricultural transformation agenda and climate-resilient food systems.
• Lao Ministry of Agriculture and EnvironmentcoreImplementation/ SI/ Consulting Partner · 19 April 2026Implementation partner for two climate-resilient agriculture programmes funded by 6 million euro grant. Includes climate-resilient irrigation programme with technical support from Ginger SOFRECO and IWMI.
• World Bank LiberiacoreStrategic or Co-development Partner · 3 March 2026Support for REALISE project scaling up successful social protection interventions nationwide. World Bank, French Development Agency, and Government of Sweden collaborating on evidence-based programmes.
• Bangladesh Forest Department (BFD)coreStrategic or Co-development Partner · 27 November 2025CRIS Project for Sundarbans Conservation - AFD's first direct biodiversity conservation funding in Bangladesh. IUCN Bangladesh leading faunal inventory, climate-risk assessments, and GIS-based habitat mapping.
• IUCN BangladeshcoreImplementation/ SI/ Consulting Partner · 27 November 2025Lead organization for CRIS Project detailed assessments including faunal inventory, climate-risk assessments, socio-economic surveys, and habitat mapping across Sundarbans Reserved Forest.
• Expertise FrancecoreStrategic or Co-development PartnerAFD's technical cooperation agency providing expertise and capacity building alongside AFD financing. Part of integrated group approach for development solutions.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• KfW Development Bank: Germany's bilateral development finance institution and AFD's closest European peer. Both are state-owned DFIs operating globally with concessional and non-concessional lending, co-financing, and sustainable bond issuance — directly comparable in mandate, scale (€8-10B annual volume), and Paris Agreement alignment.
• Japan International Cooperation Agency (JICA): Japan's primary bilateral development agency providing ODA loans, grants, and technical cooperation across Asia, Africa, and Latin America. Closely matches AFD's integrated financing-plus-expertise model and is one of the largest bilateral DFIs by annual commitments.
• British International Investment (BII, formerly CDC): UK's development finance institution focused on private sector investment in emerging markets, structurally similar to Proparco. Competes with AFD for climate and infrastructure deals in Africa and South Asia and shares the bilateral DFI mandate.
• US International Development Finance Corporation (DFC): US government's development finance institution providing loans, guarantees, and equity. Comparable to AFD in providing bilateral DFI products to emerging markets and increasingly partnering/co-financing with AFD (e.g., on Pakistan hydropower).
• FMO - Dutch Entrepreneurial Development Bank: Netherlands' bilateral DFI focused on private sector in emerging markets. Directly comparable to Proparco and AFD's private-sector arm in ticket size, geography (Africa, Asia, Latin America), and development impact focus.
• DEG (Deutsche Investitions- und Entwicklungsgesellschaft): German bilateral DFI subsidiary of KfW focused on private sector investments in developing countries. Direct counterpart to Proparco within the German DFI ecosystem and frequent co-investor with AFD Group.

Broad incumbents

• European Investment Bank (EIB): EU's multilateral lending institution and a frequent AFD co-financing partner (e.g., Moldova €641M, Cambodia water). Larger and broader mandate than AFD but shares project-level overlap in development, climate, and infrastructure financing.
• World Bank / International Bank for Reconstruction and Development (IBRD): The largest multilateral development institution, with which AFD frequently co-finances (e.g., REALISE Liberia project). While not a bilateral peer, it competes and partners with AFD for sovereign lending mandates globally.
• African Development Bank (AfDB): Continental multilateral development bank serving Africa. AFD's most active co-financing partner on the continent (e.g., iDICE $617M Nigeria program) and a partial competitor for large African infrastructure and climate deals.
• Asian Development Bank (ADB): Asia-focused multilateral development bank partnering with AFD on Cambodia urban infrastructure ($158M), Philippines blue economy ($235M), and other large programs. Comparable mandate in Asia-Pacific with significantly larger capital base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AFD_en
• YouTubeyoutube.com/GroupeAFD
• Facebookfacebook.com/AFDOfficiel
• LinkedInlinkedin.com/company/agence-francaise-de-developpement
• Instagraminstagram.com/AFD_France

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments27 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agence Française de Développement