Our partners

Partnerships for development

The collaboration and coordination with its peers are key drivers for Proparco’s effectiveness and one of the engines of its growth.
Une femme avec une branche de palmier tressée
For several years, Proparco has been scaling up partnerships with the other development finance institutions (bilateral/multilateral and regional), its shareholders, and private investors in order to meet the growing and increasingly complex needs of the private sector in Southern countries. The objective is to strengthen technical and financial cooperation in order to increase its impacts on development.

Proparco’s partners allow cofinanced operations to be conducted and mutual funds to be mobilized to bring about large-scale projects, which account for a growing share of Proparco’s activity.

They also promote the adoption of common rules, procedures and standards that contribute to standardizing practices and make it possible to build harmonized tools and indicators to evaluate projects and measure results.

Finally, this cooperation between Proparco’s teams and their counterparts from other development institutions and agencies facilitates information and knowledge sharing during regular exchanges and meetings. 

EDFI: The association of european development finance institutions

Panneaux solaires de Providencia Solar

The association of European Development Finance Institutions (EDFI) is one of the most dynamic achievements of this partnership between PROPARCO and its peers. It was set up in 1992 and includes 15 European bilateral institutions dedicated to financing the private sector in Southern countries.

Under the impetus of EDFI, PROPARCO has, for example, adopted several joint agreements with its European counterparts that provide a framework for its investments, such as the Principles on Responsible Financing . EDFI has also led to the creation of two funds: European Financing Partners (EFP) and the Interact Climate Change Facility (ICCF).

In order to facilitate experience sharing and capitalization, PROPARCO also works in partnership with EDFI members on conducting evaluations of jointly implemented operations.

European Financing Partners (EFP)

European Financing Partners (EFP) was set up in 2004 by the European Investment Bank (EIB) and 12 EDFI members, including PROPARCO. It is a joint venture dedicated to financing private sector operations in African, Caribbean and Pacific (ACP) countries.

In 2014, EFP’s total financing capacity stood at EUR 230m for individual projects of up to EUR 25m. EFP contributes a maximum of 75% of the cost of a project, including 50% provided by EIB, with the originating EDFI providing the remaining 25%.

EFP contributes to promoting sustainable private sector development in ACP countries, but also to strengthening cooperation between European financial institutions, especially between EDFI members and EIB.

Since it was set up, EFP had approved 32 projects for a total amount of EUR 442m at the end of 2013. Several operations conducted by PROPARCO have benefited from EFP sub-participations, such as a telecoms project in Tanzania (Millicom) and energy project in Jamaica (JPS), as well as a project for infrastructure in Sub-Saharan Africa (Africa Finance Corporation).

Interact Climate Change Facility (ICCF)

The Interact Climate Change Facility (ICCF) was set up in 2011 by AFD, the European Investment Bank (EIB), PROPARCO and 10 other EDFIs. It is a mutual investment fund dedicated to financing private sector operations for renewable energies (wind, solar, hydroelectric…) and energy efficiency in developing and emerging countries. This initiative is today held up as an example in terms of financial and technical cooperation among donors for “climate” projects.

The aim of ICCF is to contribute to reducing greenhouse gas emissions and promoting best environmental and social practices.

Between 2012 and 2014, ICCF committed EUR 269m for 15 “climate” projects submitted by its members, first and foremost PROPARCO, FMO and DEG. ICCF contributes a maximum of two-thirds of the cost in senior or subordinated loans, with the originating EDFI member providing the remaining third.

To date, AFD and PROPARCO have been among its main financial contributors in terms of financial input (a total of EUR 165m out of the EUR 458m available, i.e. 36%) and the amounts committed (EUR 101m out of a total of EUR 269m, i.e. 38%).

Close cooperation with our german and dutch counterparts ... And World Bank

Des rangées de panneaux solaires dans le désert du Chili

In the context of EDFI, PROPARCO has had close relations with its German and Dutch counterparts, DEG and FMO, since 1998 and 2007, respectively.

In 2012, the three institutions created a cofinancing facility that allows them to pool their resources and delegate project appraisal and monitoring to one of the three partners. This coordination allows them to take a common position on transactions of up to EUR 90m.

In 2014, 25% of PROPARCO’s activity was conducted with its German and Dutch counterparts, DEG and  FMO.

In October 2009, PROPARCO signed a cooperation agreement with the International Finance Corporation (IFC), the World Bank’s private sector financing arm. It aims to facilitate project cofinancing arrangements in key development sectors: agro-industry, renewable energies, energy efficiency, banks and financial markets…

Find out more about DEG, IFC, and FMO

Our shareholders: key partners

Aéroport d'Ivato

Proparco is scaling up partnerships with its shareholders with the same objective of increasing its area of action and its impacts.

For example, projects have been financed in the tourist industry, infrastructure and microfinance with the Aga Khan Fund Economic Development (AKFED).

Two funds of funds for the Mediterranean ( Averroès Finance I and II ) have also been set up with Bpifrance to support SME financing in the Mediterranean region. Their success led to the launch of Averroès Finance III, which aims to develop venture capital in Sub-Saharan Africa.

Cooperation agreements, in particular technical and financial agreements, are also established with shareholders of Proparco and, more generally, AFD Group, for example, with the Development Bank of Southern Africa (DBSA).

Find out more about AKFED, Bpifrance, and DBSA
Projets