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Summary: Agence Francaise de Developpement Sep 08 Product Image

Summary: Agence Francaise de Developpement Sep 08

  • Published: September 2008
  • Standard & Poors

Abstract
The ratings on Agence Fran-aise de D-veloppement (AFD), the principal instrument for French bilateral aid and concessionary lending to developing countries and to French overseas territories, reflect AFD's legally mandated place in the official development assistance (ODA) machinery of the French state, an activity that can't be undertaken on a commercial basis. The ratings also reflect the French state's strong financial and operational involvement with and monitoring of AFD, as well as the ultimate statutory guarantee of the Republic of France (AAA/Stable/A-1+) on all of AFD's financial obligations derived from the agency's status as an "Etablissement Public." AFD's efficiency and ability to leverage state budgetary resources into ODA output accounts for its strategic importance in meeting France's target to achieve...

Companies mentioned in this report are: Agence Francaise de Developpement
Action: Review

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Agence Francaise de Developpement

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