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French Development Agency
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== History == [[File:Logo-AFD-2010.jpg|thumb|AFD logo from 2010 to 2016]] AFD's origins go back to the [[Caisse Centrale de la France Libre]] (CCFL), created by [[Charles de Gaulle]] on {{date|1941/12/02}} and successively renamed the [[Caisse Centrale de la France d'Outre-Mer]] (CCFOM) in February 1944 and the [[Caisse Centrale de Coopération Économique]] (CCCE) in 1958. By 1967, the CCCE had lost all the money-issuing duties that had been at the origin of the CCFL, but had expanded the development financing that the CCFOM had acquired in 1944. In 1992, the CCCE was renamed the Caisse Française de Développement.<ref>[http://www.diplomatie.gouv.fr/fr/IMG/pdf/Afd6.pdf Decree of 30 October 1992] [archive], Official Journal no 255 of 1 November 1992.</ref> With the reform of French development cooperation in 1998, the CFD became {{lang|fr|Agence Française de Développement}}.<ref>[http://www.diplomatie.gouv.fr/fr/IMG/pdf/Afd5.pdf Decree of 17 April 1998] [archive], Official Journal no 92 of 19 April 1998, p. 6067.</ref> In addition to a marked increase in its financing, between 2001 and 2010, there was a diversification in the financial instruments used by AFD: grants, of course, but also highly “concessional” loans or loans without interest subsidies, investment funds, guarantee funds and partnerships. AFD can provide loan recipients with liquidity to finance, at attractive rates – due to the AAA rating, the highest for long-term issuances, given to AFD by the international rating agencies –, their investment policies or programs when markets are unable to meet their needs. In 2013, [[Anne Paugam]] took over from [[:fr:Dov Zerah|Dov Zerah]] as CEO. She is the first woman to head AFD.<ref>Christian Losson, « Anne Paugam. Equilibriste Nord-Sud », Libération, 27 November 2014 ([http://www.liberation.fr/economie/2014/11/27/anne-paugam-equilibriste-nord-sud_1152026 read online] [archive])</ref> In 2014, The Act on Development and International Solidarity recognized the importance of the work conducted by AFD towards France's international commitments.<ref>“[http://www.legifrance.gouv.fr/affichTexte.do?cidTexte=JORFTEXT000029210384&categorieLien=id ACT n° 2014-773 of 7 July 2014 on the Orientation and Programming of the Development and International Solidarity Policy]” [archive], on Legifrance.gouv.fr, 7 July 2014 (consulted on 3 July 2015)</ref> In 2015, [[:fr:Gaël Giraud|Gaël Giraud]] became AFD's Chief Economist.<ref>Claire Guélaud, « Gaël Giraud, un économiste hors-norme à l’Agence française de développement », Le Monde, 6 July 2015 ([http://www.lemonde.fr/economie/article/2015/07/06/gael-giraud-un-economiste-hors-norme-a-l-agence-francaise-de-developpement_4672295_3234.html read online] [archive])</ref> In 2016, [[Rémy Rioux]] took over as CEO from [[Anne Paugam]].<ref name=":0" />
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