2018 ANNUAL RESULTS - PROPARCO’s commitments top the EUR 1.5bn mark
published on 10 April 2019
This morning, AFD Group presented the figures for its activities in 2018, with a focus on the increase in its activity to support the private sector. Indeed, with EUR 1.6bn of commitments, Proparco saw a +17% increase in its activity year-on-year and over +53% since 2015. These results are in line with the growth path it has set, with the aim of reaching EUR 2bn by 2020. This year, Proparco has at the same time released its 1st ever report on the impacts its activity has on sustainable development.
PROPARCO in 2018
- EUR 1.6bn of commitments (+17% compared to 2017 and +53% compared to 2015), including:
- EUR 578m in Africa
- EUR 243m in fragile States and LDCs
- EUR 536m of climate commitments
- A sharp rise in equity and quasi-equity activity: EUR 396m, i.e. up +40% compared to 2017
- 82 companies supported since 2017 to improve their environmental and social performance
Access all the key financial figures and impacts for 2018
“These results underscore our commitment to support an effective, responsible and sustainable private sector. With EUR 1.6bn, PROPARCO is continuing on its growth path and the results in terms of positive impacts are there to see. These impacts illustrate the essential role the private sector plays in the achievement of the Sustainable Development Goals. The private sector has become an economic player that has a significant influence on the development paths of countries and is therefore a key part of the development assistance policy.”
- Projects that generate positive impacts on sustainable
In 2018, PROPARCO signed 68 new projects for a total amount of EUR 1.36bn. These new projects have measurable positive impacts:
- 1.5 million tons of CO2 avoided every year thanks to 16 projects with climate co-benefits
- Direct and indirect jobs created or maintained for 1.4 million people
- Improved access to an essential service or good for 22.6 million people, including:
- Access to electricity from renewable sources for 10 million people
- Improved access to drinking water for 10 million people
- Access to health services and/or drugs for 1.16 million patients
- Basic services or financial products for 1.47 million people
A look back at the highlights of 2018
- Nachtigal
AFD and PROPARCO have provided EUR 150m of financing for the construction of the Nachtigal hydropower plant, in Cameroon. This strategic infrastructure for the country will eventually provide 30% of the country’s power generation. The project has won several international awards, including from PFI (Thomson Reuters) and IJ Global. Find out more.
- JUMO
In April, PROPARCO signed its 1st USD 3m investment in Jumo, an African fintech that provides unbanked or under-banked people with access to loans and savings products via their mobile phones.
Find out more.
- 2X Challenge
In 2018, the G7 finance institutions, including PROPARCO, committed to strengthen the economic role of women.
The objective: mobilize USD 3bn by 2020. A progress report is planned on the sidelines of the G7 meeting in Biarritz in August 2019.
Find out more.
- 2018 was also marked by PROPARCO’s first operations:
• In Ukraine, to support the country’s SMEs,
• In Serbia, to finance Belgrade Airport’s expansion,
• In Colombia, with PROPARCO’s 1st loan to modernize Cartagena’s public transport network.
