2017 Annual Results: Proparco maintains its strong growth rate

published on 12 April 2018
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Proparco has confirmed in 2017 its development and is continuing its growth path to achieve its objectives for 2020. With some EUR 1.4bn of financing approved, an amount up by over 30% in just two years, the objective of EUR 2bn by 2020 is well on track.

In 2017, the climate and Africa continued to be strong markers of Proparco’s activity. The financing approved for projects with climate co-benefits and Africa’s private sector accounts for 47% and 53% of PROPARCO’s activity, respectively. These results are in line with Proparco’s ambitious objectives for 2020. 

Last year, Proparco also invested EUR 283m in equity, quasi-equity and subordinated loans to strengthen and support the growth of private companies operating in developing and emerging countries. This is a 60% increase compared to 2016 and a record mobilization of equity instruments in line with Proparco's new strategy.

Over 5 million people will potentially benefit from increased access to essential goods and services, over 1,000 MW of energy capacity will be installed and some 900,000 direct or indirect jobs will be created or maintained thanks to the financing approved in 2017.

These impacts once again illustrate the key role played by the private sector in achieving the Sustainable Development Goals (SDGs). 

These results confirm that we are on the right track towards achieving the objectives we have set for 2020. They illustrate our capacity to combine strong growth with impacts on development by tailoring our range of instruments to the needs of our clients. The sharp rise in our equity investments, in particular in Africa, bears witness to this.

Gregory Clemente, CEO of Proparco