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Proparco

 

Proparco is a subsidiary of the French Development Agency specialized in capital investment, loans and guarantees. Proparco’s mission is to finance the private sector in developing and emerging countries, as a main growth and employment engine and a direct contributor to the achievement of the millennium goals.

 

Proparco finances at market conditions projects with:

>> a sizable contribution to growth and economic development

>> involvement of the team leader in good governance practices

>> respect and sustainable preservation of the environment

>> positive social impact: creating local jobs, contributing to an effective public health policy, developing local human resources

>> development of partnerships with local commercial banks

 

Investments, loans, guarantees, specific financing schemes

Proparco offers financial products meeting the three major needs of private investors in developing countries: access to long term finance, risk coverage  or reduction, specific financing schemes adapted to local needs.

 

General conditions

Proparco provides funding, usually between 2 and 100 million euros, to all private businesses and all projects dealing with the private sector except for those dealing with real estate or short-term projects. The project promoters must:
>> have substantial experience in the sector or have a partner company internationally recognized as an expert in the area
>> provide a minimum capital of approximately 30% of project cost in case of extension and 40% for a Greenfield project.

 

PROPARCO interventions in Egypt

Proparco also started its intervention in Egypt in 2005. It has already invested in equity participations in three Egyptian companies, an investment fund specialized in agro-industries, a software company, and an agriculture and food processing company. It has also approved a long term loan for an integrated tourism project, with an AFD co-financing. Proparco’s activity in Egypt should increase steadily with the arrival in Cairo in March 2010 of a Proparco regional investment officer who will be fully dedicated to the development of investments in the private sector in the Middle East.