Investing in a sustainable future

Work begins on setting up a Mediterranean Carbon Fund

CDC Climat a newly created Caisse des Dépôts subsidiary, French Development Agency AFD, PROPARCO, the European Investment Bank (EIB), Cassa depositi e prestiti (CDP) and KfW Bankengruppe, the German promotional bank (KfW), have joined forces to study and promote the creation of a Mediterranean Carbon Fund (MCF). >> Download press release

Visit of Luc Rigouzzo in Dominican Republic and Haiti

Luc Rigouzzo went to Dominican Republic during three days from june 17 to 21. In Santo Domingo, Luc Rigouzzo met the main partners of PROPARCO and firmed a credit line convention of 25 M $ in favour of Banco Popular Dominicano, the first Dominican private bank. Through this loan, BPD plans to refinance on a long-term basis projects of infrastructure, energy and exporting companies' investments (in particular in tourism and agribusiness.

Proparco and the FMO join to finance an Indian financial institution

Asset finance Company  Srei Infrastructure Finance Ltd, India leading private sector infrastructure financing institution has entered into an agreement to raise 70 M$ senior loan syndicated by the Nederlands based FMO. Proparco, the private sector investment arm of Agence Française de Développement (AFD), the leading French development finance agency, will take part of the loan through a 20 M$ funding dedicated to renewable energies and energy efficiency >> Read more
 

Signing of USD 20 Million credit facility agreement between PROPARCO and SACOMBANK

On November 13th, 2009, Mr Tran Xuan Huy, Chief Executive Officer of SACOMBANK, and Mr Jean-Michel SEVERINO, Chief Executive Officer of Agence Française de Développement (“AFD”), and Chairman of PROPARCO, the private sector arm of AFD, have signed a credit facility agreement of USD20 million between SACOMBANK and PROPARCO >> Read more

International Finance Institutions sign Agreement to facilitate cooperation

Four International Finance Institutions (IFIs) announced that they have agreed to streamline the process for providing loans in developing countries, where projects face a financing shortfall because of the global economic crisis. The Master Cooperation Agreement, signed by France’s Proparco, Germany’s DEG, The Netherland’s FMO, and World Bank group member, IFC, standardizes the steps the lenders take when joining IFC to co-finance  projects >> Download the press release

PROPARCO and YES BANK sign financing agreement

The financing agreement between Proparco and Yes Bank for a USD20M subordinated loan was signed on 14 September 2009 in the presence of the French Ambassador and Proparco’s CEO. This is Proparco’s first banking project in India >> Read more

AFD/CAAM : Lauch of an innovative mutual fund

Agence Française de Développement and Crédit Agricole Asset Management launch an innovative mutual fund reconciling financial investment with development aid. This innovative financial product aims to create new sources of financing for development, while at the same time meeting the demands of savers seeking socially responsible investments >> Read more 

1st Investment and Savings Forum in Cotonou - Benin

Proparco participated in the first edition of the Investment and Savings Forum in Africa organized by SOAGA (West African Asset Managing Company) on 14 and 15 September 2009 at the Cotonou Palais des Congrès in Benin. During this first edition, Laurent Demey, Deputy CEO of PROPARCO, led a conference-debate on the topic of the contribution investment funds make in Sub-Saharan Africa. (go to Mr. Demey’s presentation) >> More about this event

September 2009 - AFD Group and UBIFRANCE sign framework agreement

Under the patronage of Anne-Marie Idrac, French Secretary of State for Foreign Trade, Agence Française de Développement Group (AFD) and Ubifrance, the French agency for international business development, have signed a three-year framework agreement to scale up the contribution French businesses make to economic growth in developing and emerging countries >> Download the press release

Signing of a USD15 Million credit facility agreement between Proparco and Techcombank

On April 10th, 2009, Mr HO HUNG Anh, and M. NGUYEN DUC Vinh, respectively Chairman and Chief Executive Officer of TECHCOMBANK, and Mr Laurent DEMEY, Deputy Chief Executive Officer of PROPARCO, the private sector arm of the French Development Agency Group, have signed a credit facility agreement of USD15 million in favour of TECHCOMBANK >> Read more

Sofisa a capté US$ 32.5 millions pour le financement de son activité de crédit aux PME

La Banque Sofisa a conclu cette semaine le prêt externe de 32.5 millions de dollars, une des rares captations de ressources internationales faite par un emprunteur brésilien au cours de cette année. Les ressources viendront de deux agences gouvernementales européennes, Nederlandse Financierings-Maatschappij Vorr Ontwikkelingslanden NV (FMO), banque de développement des Pays-Bas, et Proparco, institution financière de développement liée à l'Agence Française de Développement (AFD) >> Lire la suite