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Development assistance: Caisse des Dépôts and AFD committed to infrastructure

On 4 April in Ouagadougou on the occasion of their first joint travel in western Africa, Rémy Rioux, CEO of the French Development Agency (AFD) and Pierre-René Lemas, CEO of Caisse des Dépôts, announced the creation of a joint investment vehicle for infrastructure, endowed with €600mn in equity.

Transport
05April2017

Rémy Rioux, Pierre-René Lemas, Paul Kaba Thiéba et Hadizatou Rosine Coulibaly
This operation is part of the common strategy defined by the Strategic Alliance Charter, which was signed on 6 December 2016 between AFD and Caisse des Dépôts, in the presence of the French President. 84% owned by Caisse des Dépôts (€500mn) and 16% by AFD (€100mn), this vehicle gives concrete expression to the closer strategic ties between the two institutions and will be grounded in their respective areas of expertise.

It will enable investment in greenfield infrastructure projects in the sectors bearing on energy, transport, water and sanitation, telecommunications and digital infrastructure, waste treatment, spatial planning, health and education, and the roll-out of low-carbon projects in keeping with the Paris Agreement.

 

The Burkina Faso authorities have decided to open a Caisse des Dépôts of their own to leverage domestic savings under secure conditions with a view to meeting the nation's long-term infrastructure financing needs. Caisse des Dépôts and AFD are supporting this project at the Burkina Faso government's request.

 

Pierre-René Lemas, Rémy Rioux, Paul Kaba Thieba et Hadizatou Rosine Coulibaly

 

 

 

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