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French Development Agency
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==Controversy== In 2007, AFD was called into question for its support for French companies suspected of contributing to deforestation in Central Africa.<ref>Le Quotidien des mutations- Patricia Ngo Ngouem - 26 Oct 2010 [archive]</ref> However, no legal proceedings were brought against AFD. AFD has strict procedures during project appraisal for impact control and measurement in terms of social and environmental responsibility.<ref>L'AFD « développe 3,5 milliards d'euros de crédit alors qu'elle pourrait en catalyser trois fois plus ! Il faut que j'arrive pour lui demander de se bouger. Qu'est-ce que fait son patron, à part gérer le quotidien ? », in Christian Losson, « [http://www.liberation.fr/terre/0101269753-les-pays-emergents-se-sont-pris-en-main Les pays émergents se sont pris en main », interview: Le secrétaire d'État à la Coopération revient sur l'aide française au développement avant le sommet de Doha] [archive] », in Libération, 29 November 2008. Consulted 7 April 2010.</ref> It has provided EUR 900,000 of financing to the Central Africa Forest Commission (COMIFAC), which is responsible for guiding, coordinating, harmonizing and taking decisions in terms of the conservation and sustainable management of forest ecosystems. Mr. Joyandet, French Secretary of State for Cooperation and Francophonie from March 2008 to July 2010, criticized the Chief Executive Officer at the time, Mr. Severino, for AFD's emergency-oriented approach, without a long term-vision and a certain lack of scope. However, the Minister's remarks did not gain wide consensus among the development community.<ref>« [http://www.liberation.fr/terre/0101269754-une-charge-trop-directe-contre-l-afd Une charge trop directe contre l’AFD - Les propos de Joyandet sur l’agence française de développement sont critiqués.] » [archive] Christian Losson, Libération, 29 November 2008. Indeed, AFD’s activity more than doubled between 2004 and 2008. In 2009, there was a growth in commitments which raised the activity to EUR 6.2bn, i.e. a 40% increase compared to 2008. [http://www.afd.fr/jahia/Jahia/home/Qui-Sommes-Nous/AFD-en-chiffres AFD in figures] [archive]</ref> According to the Cameroon National Anti-corruption Commission (CONAC), two front companies, including one controlled by AFD, have been suspected of fraud. In December 2013, CONAC presented its 2012 activity report in Yaoundé, indicating that over CFA 113bn had been misappropriated from the cotton development company (SODECOTON) between 2002 and 2011.<ref>“[http://www.agenceecofin.com/entreprises/2412-16237-cameroun-deux-societes-ecran-dont-l-une-controlee-par-l-afd-sont-soupconnees-de-fraudes Cameroon: Two front companies, one controlled by AFD, suspected of fraud]” [archive]</ref> In December 2021, created under the name Caisse centrale de la France libre in 1941, the public financial institution could change its name again in the coming months, 80 years after its launch. Or a project in the process of reflection, which also includes an overhaul of its operation and its development policy, which "appear unsuitable in relation to our experience", according to its director Rémy Rioux.
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