Geographically tailored priorities
PROPARCO's history has been marked by a continuous succession of geographic expansions. When it was founded in 1977, the company was focused on French-speaking Sub-Saharan Africa. In the early 1990s, hits activity was extended to the Maghreb region, then English-speaking Sub-Saharan Africa, before slowly moving into Asia and a few Carribean countries.
Since 2004, PROPARCO’s geographic expansion towards major emerging countries (Brazil, China, etc.) has been gathering pace under a mandate to combat climate change.
The 2008 financial crisis sparked a downturn in commercial banking activities in South countries and once again underscored the key and countercyclical role played by development agencies. The October 2008 G8 called for widespread intervention by bilateral agencies. PROPARCO’s Board of Directors subsequently took the decision to extend its business area to all developing countries as defined by the Organisation for Economic Co-operation and Development (OECD). This decision immediately opened up an extremely vast area for PROPARCO which includes, for example, Latin America and Central Asia.
PROPARCO metts the challenge of each region and now tailors its intervention to four core challenges:
- growth in Africa ,
- employment and regional integration in the Mediterranean ,
- green and inclusive growth in emerging countries ,
- regional integration in the French Overseas Territories .