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French Development Agency
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==== PROPARCO ==== PROPARCO is an AFD subsidiary set up in 1977. It is a development [[:fr:Institution financière|finance institution]] with a mandate to promote private investments for growth, [[sustainable development]] and the achievement of the [[Millennium Development Goals]] (MDGs) in emerging and developing countries. It provides financing tailored to the specific needs of investors in the productive sector, financial systems, infrastructure and private equity.<ref>“[http://www.cefeb.org/home/presentation Presentation (CEFEB)]” [archive], at cefeb.org, January 2013 (consulted 17 July 2015)</ref> PROPARCO is jointly held by AFD (59.04%) and private shareholders from the North and South.<ref>“[https://whc.unesco.org/fr/partenaires/290/ French Facility for Global Environment]” [archive], at unesco.org (consulted 17 July 2015)</ref>
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