SUNREF program – Sustainable Use of Natural
Resources and Environmental Finance
TISIF 2015
1. QUICK OVERVIEW OF AFD ACTIVITY
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AFD Activity by Sector and Geography
(2014)
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A variety of financial tools
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Blending grants and loans to achieve higher
development impact
Core business of Development Institutions like AFD:
 concessional loan = a loan + a subsidy
Mixing grants from institution 1 with loans from
institution 2 can offer softer financing
 For ex EU blending facilities
Grants to finance soft components of investment
projects
 e.g: expertise, capacity building, social & environmental
costs
Fundings to leverage other sources of financing
 IFI, domestic public (Governments, State owned companies,
public banks, Local Governments …) or domestic private
(banks, enterprises …) resources
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2. OVERVIEW OF SUNREF PROGRAM
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SUNREF: an integrated approach to
environmental finance
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SUNREF JORDAN
https://www.youtube.com/watch?v=FzODCd8GexA
Sector: Energy Efficiency (EE), Renewable Energy (RE) and
Environmental Performance (EP)
Partners: Capital Bank of Jordan, Cairo Amman Bank
Amount: Soft credit lines 53 M €, 2 TA programs: 1/ € 300k (AFD),
2/ €1.5 M (FFEM/AFD/UE) and $1 M (GEF/WB)
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SUNREF Kenya
https://www.youtube.com/watch?v=5iYKVfdLE2I
http://youtu.be/XH9DzoGzfcs
Sector: Renewable Energy (RE) for SMEs
Partners: : Co-operative Bank of Kenya
Amount: AFD soft loan for 30 M€, EU & AFD technical assistance
grants (€ 2.6 M).
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SUNREF : key figures
SUNREF Commitments (MEUR loans)
SUNREF Geographical distribution
2000
1800
LAC
7%
1600
1400
1200
Africa
20%
Mena
32%
1000
800
600
Asia
41%
400
200
0
2006
2007
2008
2009
2010
2011
2012
2013
AFD’s Commitments 2006-2014 :
€ 1.9 billion loan and € 65 million subsidy,
More than 50 partnerships with banks,
22 countries,
Average leverage effect (budgetary subsidy/total
investment): around 15
2014
Results & impacts
Renewable Energy: additional 1.5 million
MWh/y produced,
Energy Efficiency: 1 billion KWh/y energy
saved,
Greenhouse gas emission reduction: nearly
10 MteqCO2/year
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SUNREF outcomes and impacts
 Support the structuring of banking offer around the green
economy
 Improve the competitiveness of the local enterprises
 Create new job opportunities in the green economy
 Reduce the negative impacts on local and global
environment
 Reduce the budgetary burden of fossil fuel imports
 Reduce the negative impacts on the population health
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Thank you for your attention
Marianne Mensah
[email protected]