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Proparco – a subsidiary of the Agence Française de Développement (AFD) devoted to private sector funding – has been supporting sustainable development for almost 40 years. It operates in 80 countries in Africa, Asia, Latin America and the Middle East and helps finance and support financial institutions and corporate private-sector projects. Today it has almost 400 clients worldwide. Proparco focuses on the key development areas, such as renewable energy-based infrastructure, agribusiness, financial sector, health and education. Through its work, Proparco has a powerful impact on sustainable economic growth, job creation, access to essential goods and services and, more broadly, on poverty reduction and fighting climate change. With a balance sheet total of €5,4 bn at December 31, 2016 Proparco is one of the leading European Development Finance Institutions which together spearhead a large number of joint programmes.