Vincent Caupin has been Head of the Macroeconomic Analysis and Country Risk Division since August 2013. He has some fifteen years of experience, mainly focused on macroeconomic and development economics issues. Vincent Caupin, who holds a DEA and DESS (post-graduate diplomas) and a Master’s Degree in Development Economics from the University of Auvergne (CERDI), joined AFD in 1997. He worked in the Policies and Studies Department, where he prepared economic and financial projections on the Franc Zone (using the Jumbo model) and contributed to AFD’s initial research on the issues of country risk. In 1999, he joined the International Monetary Fund in Washington, at the Sahel Division of the African Department, and participated in preparing and managing IMF programs for these countries. In 2003, he returned to AFD to the Operations Directorate’s Mediterranean and Middle East Department and conducted studies on the economies of Morocco, Tunisia, Egypt, Lebanon and Turkey. From 2006 to 2010, he was head of the private sector unit of AFD’s Noumea agency in New Caledonia, where he managed guarantee funds and intermediated loans, while contributing to several CEROM studies on New Caledonia’s economy. From 2010 to 2013, Vincent Caupin was Head of the Economy/Strategy/Communication Unit in AFD’s French Overseas Department.