2016 was a significant year for Proparco: implementation of the Sustainable Development Goals (SDGs), the Addis Ababa Action Agenda on financing for development, and the Paris Climate Agreement which all became integral to the new milestones of the Agence Française de Développement (AFD) Group, of which Proparco has been the private-sector financing arm for 40 years.
THE PRIVATE SECTOR, AN ESSENTIAL DRIVER OF ECONOMIC GROWTH
Proparco has sustained the momentum for the fifth year in a row, growing by 21% approving financing of close to €1.5 billion for businesses and financial institutions operating in developing and emerging economies. Those organizations are taking action in increasing numbers to meet the needs of developing countries. Furthermore, they are doing so in sectors that currently drive economic growth, including energy production, most notably from renewable sources, agribusiness, freight and passenger transport, financial services, healthcare and education.
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