Financing AFD

Proparco targets the private sector; AFD focuses on public and developmental financing. We guide you according to your profile.

Impact, sustainability, financial solidity. We prepare you for this.

The French Development Agency (AFD) is the French public institution for development financing, present in Morocco and Africa. It finances infrastructure, sustainable transition, and support for the private sector, with its subsidiary Proparco dedicated to businesses. Selected projects must demonstrate measurable development impact and meet demanding financial, environmental, and social standards.

Depending on the size of the project, access is either directly through Proparco for structuring operations or via credit lines allocated by partner Moroccan banks for SMEs. We identify the right channel, frame your needs, and prepare a file aligned with the funder's expectations. A pre-eligibility diagnosis is provided within 48 hours.

SUNREF is AFD's green finance label: credit lines dedicated to energy efficiency, renewable energies, and environmentally beneficial projects, distributed through local banks. Depending on the programmes, they may include technical assistance and sometimes an investment grant. We verify the technical eligibility of your project and develop the corresponding impact component.

The file combines a financial component (business plan, financial statements, financing plan, projections) and an impact/ESG component (development benefits, governance, environmental and social management). It also includes legal structuring and, depending on the project, a feasibility study. We structure everything to the expected standards to limit back-and-forth during the review process.

Our pre-eligibility diagnosis is provided within 48 hours. The funder's review is longer and generally spans several months, as it includes financial due diligence and an environmental and social assessment. A complete and well-structured file from the outset significantly reduces these timelines.

Funders like AFD impose E&S safeguards: the project must manage its environmental and social impacts and comply with governance rules. Depending on its nature, an impact study or an environmental and social management plan may be required. We prepare this component in advance, as it is often decisive in the acceptance of the file.

Yes, AFD/Proparco financing is generally combined with Moroccan tools: Tamwilcom guarantees (Damane), grants from the 2023 Investment Charter, or local bank lines. This mixed arrangement, known as blended finance, strengthens the financial robustness of the project. We coordinate these mechanisms to optimise the financing plan without duplication or incompatibility.

We intervene from start to finish: eligibility testing, structuring the financial file and the impact/ESG aspect, aligning with the donor's standards, and then liaising with AFD/Proparco until the funds are released. We do not guarantee approval, which remains a decision of the donor, but a rigorous and well-defended file maximises your chances of acceptance.