Proparco is a development finance institution and operates as a subsidiary of Agence Française de Développement. The firm helps finance and support financial institutions and corporate private-sector projects. Proparco provides financing in the form of loans, guarantees, equity, and quasi-equity solutions. The firm focuses on key development sectors, such as infrastructure, especially for renewable energies and energy efficiency, agriculture and agro-industry, banks, financial markets and microfinance, health, and education sectors. Established in 1977, Proparco is based in Paris, France.