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AFD Opens its First Regional Office for the South Caucasus in Tbilisi

A high level delegation from the French Development Agency or Agence Française de développement (AFD) will visit Tbilisi from March 20th to the 23rd to hold a series of talks with local authorities and donors.

The mission will be led by the head of AFD’s Asian department, M. Pascal Pacaut, and his deputy, Ms. Françoise Chalier, alongside the French ambassador to Georgia, M. Pascal Meunier. The delegation will inaugurate on March 22nd at 6:30 pm, with its local partners, the opening in Tbilisi of AFD first regional representation for the South Caucasus, managed by Ms. Gaëlle Assayag.

AFD has been authorized to work in the three countries of the South Caucasus region (Armenia, Azerbaijan, Georgia) since 2012, with a mandate to “promote a green and inclusive growth” in the field of urban and rural development, clean and renewable energies, higher education and vocational training, sustainable tourism and governance. In this regard, AFD has the capacity to provide a full range of project-financing support, through sovereign, sub-sovereign or non-sovereign schemes, as well as budget supports backed onto a reform agenda. AFD Group also works in support of private sector development through its dedicated subsidiary, Proparco. Along these financing solutions, AFD can also provide grants from the French government or the European Union.

Since 2012, AFD activities in the South Caucasus region reached more than EUR 245 million.

Agence Française de Développement (AFD) is a public financial institution that implements the policy defined by the French Government to combat poverty and promote sustainable development. AFD operates on four continents via a network of 75 offices and finances and supports projects that improve living conditions for populations, boost economic growth and protect the planet. In 2015, AFD earmarked EUR 9.3bn to finance projects in developing countries and French overseas territories. By 2020, AFD yearly commitment will be increased to EUR 12bn.

www.afd.fr