Agence Française de Développement

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Information on AFD's operations in China

Information sheets by sector

Low-carbon energy (production and use)
Sustainable urban development
Rural development
Clean Development Mechanism (CDM)

Procurement procedures

AFD has set forth guidelines and monitoring procedures for procurement of agency financed public development projects in China, on the following points:

· Untied aid

· Competitive processes

· Application of national Chinese regulations for procurement

· Defining and auditing procurement process

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Procedural elements

AFD project cycle
Internal approval procedures for AFD financed projects
Further information on AFD practices

Loan conditions

AFD operates in two ways: (i) sovereign loans, e.g. a loan to the State via the Chinese Ministry of Finance, which can then be on-lent to a ministry, local authority or a state enterprise, through an intermediary bank, or (ii) a direct loan to a public entity or even a private one if it has a service policy. The loan must be valued between 30 to 80 M€, exceptions being made if it concerns a highly innovative pilot project. The loan length can reach 12 to 17 years with a 3 to 5 year period of grace, calculated on an adjustable rate (Euribor 6 months = 4.6% per year as of 30/11/2007), with a possibility to convert to a fixed rate.