Proparco
Last updated on 09 Mar 2024
Key facts
Proparco is a subsidiary of Agence Française de Développement (AFD) focused on private sector development. It provides funding and support to both businesses and financial institutions across Africa, Asia, Latin America, and the Middle East.
PUBLIC
1977
Credit rating (S&P)
AA
Foreign currency
Authorizations
FY 2022 authorizations type of clients
Financial institutions and microfinance
67%
Infrastructure
14%
Businesses
11%
Investment funds
9%
FY 2022 authorizations
Products
- Proparco can provide direct loans to companies:
- Between EUR 3 million and EUR 100 million
- Loans are available in hard currency and some local currencies
- Repayment tenors of up to 20 years with grace periods when warranted
- Proparco can provide guarantees to a company’s bank for a loan to support the company’s operations or expansion plans
- Proparco may make direct investments in companies:
- Direct or indirect minority equity investments
- Subordinated or equity loans
- Shareholders’ current accounts
- Convertible bonds or bonds redeemable for shares
- Proparco offers technical assistance to its clients in response and in addition to its financial support—these services aim to support responsible practices and innovative initiatives of the private sector and thereby strengthen the impact of Proparco’s investments on local development
- Proparco also offers specific products to promote development in emerging markets through private equity funds, as well as products to promote the development of SMEs, the private sector, electrification, and renewable power in Africa
Policies
- All operations financed by Proparco are themselves subject to some of the most rigorous selectivity criteria among bilateral donors
News
- 2024: Proparco strengthens its partnership with Société Générale Cameroun to support local SMEs
