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A world in common: Agence française de développement and Caisse des Dépôts seal their alliance

On 6 December within the framework of the celebration of Agence française de développement (AFD) 75 years and in the presence of the President of the French Republic, AFD and Caisse des Dépôts signed the strategic alliance charter which seals their collaboration to support the ecological, energy, demographic and social, territorial, digital transitions.

07December2016

PR Lemas, F Hollande et R Rioux lors de la signature de la charte d’alliance stratégique entre l’AFD et la CDC
"A world in common", this is the motto now displayed under the AFD's new logo, unveiled on 6 December. For Pierre-René Lemas, CEO of Caisse des Dépôts, "both institutions share common challenges: the Sustainable Development Goals (SDGs) and COP21 Agreement (…) We want to take even greater initiative in terms of implementing the Paris Agreement on the climate  (…) Let's work together – we are a domestic development bank, the AFD is an international development bank – we can learn from each other: it is a genuine alliance to be able to do more and do better.”

 

"The alliance will enable us to align our priorities in France and on the international stage (…) Through this new momentum the AFD will gain in capacity and innovativeness, as a bank with solutions," highlighted Rémy Rioux, CEO of the AFD.

 

Several areas where we could pool our expertise have been identified, including:

  • implementing the Paris Agreement on the Climate and aligning the two institutions' carbon footprint strategies;
  • developing proposals on smart cities which create innovative urban services in France and worldwide;
  • deploying digital technology;
  • economic research and innovation (setting up a development lab at the AFD, with the support of Caisse des Dépôts).

 

Through this alliance the AFD will be able to increase its involvement in local areas thanks to Caisse des Dépôts' close relationship with its partners (businesses, local authorities, etc.). At the same time, the AFD will help to increase Caisse des Dépôts' international outreach and support it in the assistance it lends to its partners abroad.

 

Lastly, a joint investment vehicle currently being looked into, with a target size of €500mn, will be set up in 2017. This will focus on the financing of infrastructure for the benefit of sustainable development in developing countries – Africa in particular.

 

 

The AFD, a public financial institution, implements the policy defined by the French government to combat poverty and encourage sustainable development. Operating across 4 continents via a network of 75 field offices, the AFD funds and supports projects which improve populations' living conditions, underpin economic growth and protect the planet. In 2015, the AFD devoted €8.3bn to financing projects in developing countries and in favour of overseas territories.

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75 ans de l’AFD

 

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