On the occasion of the 2020 edition of AFIForum, which takes place on January 22 and 23 in Bangkok, Proparco signed an agreement with the Indian microfinance institution (MFI) Annapurna, for a USD 15 million credit line to support the development of Annapurna's loan portfolio dedicated to very poor women in rural areas.

Proparco granted a €27M loan to the Indian Company Srei Equipment Finance Limited (“SEFL”) to finance renewable energy or energy efficient projects in India.

Through a new USD 5 million commitment to the LOK III fund, Proparco supports companies in the financial inclusion sector impacted by the Covid-19 crisis and helps them to reinforce access to credit for MSMEs and the most fragile populations in India.

Proparco is participating in the loan extended by the Asian Development Bank (ADB) to finance a 200 MW solar power plant in northwest India. The project, implemented by the ENGIE Group, represents a further milestone in the partnership with ADB. For Proparco, this risk participation is both an innovative operation and a strong commitment in supporting India’s renewable energy development.

New Delhi, India, June 13, 2023 - Proparco is contributing to finance the health sector in South and Southeast Asia via a USD 35m equity investment in Quadria Capital. Proparco is supporting a player with recognized expertise in the healthcare sector, who will aim to develop a high-quality, affordable healthcare offering in the Indo-Pacific region. This new partnership between Proparco and Quadria was signed under the auspices of Chrysoula Zacharopoulou, French Minister of State for Development, the Francophonie and International Partnerships.

This twenty-second issue of Private Sector & Development investigates the private sector’s role in financing the energy transition, exploring pathways for achieving the expansion that is so crucial for our future. It looks at the challenges facing the Paris Climate Change Conference and private sector engagement, assesses the mechanisms developed within the framework of the Kyoto Protocol and explores specific pathways that could unlock a scaling up effect.

Open dumping of waste presents a real threat to the environment and to human health and is commonplace in developing countries. Constrained by budget pressures, towns and cities in the southern hemisphere are struggling to deal with the proliferation of municipal solid waste. Global production has practically doubled over the past ten years and is expected to reach 2.5 billion tonnes per year in 2025 as a result of the combined effect of urban development and changes in consumption patterns.

Proparco has announced a €15 million line of credit to GRP Limited (GRP), a pioneer in India’s tire recycling industry and top tire recycler globally. This funding will fuel GRP’s expansion and accelerate its E&SG strategy, reinforcing its leadership in sustainability and decarbonising the tire industry. By advancing circular economy principles and driving sustainable manufacturing, GRP is setting the pace for a greener industry.

Founded in 1992, the Indian group Gravita handles some 240,000 tonnes of lead-acid batteries every year, in compliance with strict environmental and safety standards. This leading industrial player has recently been financed by Proparco. The Group is also present in Sri Lanka and five African countries and is helping to structure a sector that is often dominated by informal players in developing countries. This report is from the Group's headquarters in Jaipur, capital of the Indian state of Rajasthan.

Proparco, a subsidiary of Agence Française de Développement (AFD) Group, has invested USD 5 million in Omnivore’s third fund, the Omnivore Agritech & Climate Sustainability Fund. Omnivore supports visionary founders advancing agrifood resilience, driving rural transformation, and catalyzing climate action across India and Southeast Asia. The VC firm’s latest investments include Fibmold, Optimo, Sid’s Farm, and Scimplify.

European Development Finance Institutions (DFIs) invested $115M in the South Asia Growth Fund II, an investment fund dedicated to supporting energy and water efficiency in India and Bangladesh.

Sahyadri Farms Post Harvest Care Limited raised Rs.310Crs (almost EUR 40 million) growth capital from a group of impact-focused investors. Incofin, Korys, FMO and Proparco see Sahyadri Farms well-placed to help farmers run their businesses in a more profitable and sustainable way.

There is no denying the healthcare progress made by developing countries. However, the sector needs additional financing to meet growing needs. What is the role for private investment?