In the specific context of the financial crisis, PROPARCO played a strong countercyclical role by scaling up its lending activity for banks in emerging and developing countries and its investment activity in partner institutions.
In 2009, PROPARCO’s activity with financial institutions reached some €445M of commitments in the form of loans and equity investments.
This year was marked by a diversification of our activity, both in terms of products and geographical areas. Some €110M were allocated in the renewable energies sector which represents a 12% rise compared to 2008.
Moreover, 2009 was a record year in terms of equity investments in credit establishments: over €45M were invested in capital in order to shore up the solvency of PROPARCO’s client financial institutions. The geographical breakdown of commitments highlights the scale of needs in Latin America (26%) and Asia (19%) and, at the same time, confirms that Africa is a priority for PROPARCO (31%).
PROPARCO’s ambitions in terms of its financial clients are more than ever a core topic. The aim is to shore up its presence in Africa, continue its multi-product approach with a focus on equity investments and strengthen its capacity in terms of microfinance operations.