Effective infrastructure networks are essential for attracting foreign investors, building a local corporate fabric and providing essential services to populations.
Reliable and accessible infrastructure is indeed essential for growth and the fight against poverty. One of PROPARCO’s core missions is to upgrade the quality of infrastructure and make it widely accessible. The company focuses its efforts on Sub-Saharan Africa and has also developed expertise in renewable energy projects, particularly in the major emerging countries.
PROPARCO finances infrastructure projects in the sectors of :
• transport, in order to improve living conditions for urban dwellers and give businesses easier access to global markets;
• telecoms, in order to fight against the digital divide;
• energy, in order to make modern and clean energy available.
During the 2009 financial crisis, PROPARCO received an enormous amount of financing requests due to the squeeze on banking sector resources and the subsequent need to complete finance plans for mega projects. Its business consequently more than doubled with commitments in this sector rising from €150M in 2008 to some €400M in 2009, including a €100M participation in the crisis-response initiative for infrastructure launched by the International Finance Corporation (World Bank Group).