KfW's European commitment
As Germany's national promotional bank, KfW also acts for Europe. The KfW programmes can be used without discrimination by European enterprises or private individuals based in Germany. Some of the programmes also specifically support cross-border projects. An important field of action is project and export finance of KfW IPEX Bank, a wholly owned subsidiary of KfW, to strengthen the German and European export economy. In addition, KfW uses EU risk-sharing guarantees to facilitate access to credit for young companies. KfW pools its resources with those of the European Commission to strengthen the impact of EU development cooperation and contribute to the German government's common goals with the EU. KfW Development Bank and DEG cooperate with EU institutions and other bilateral and European promotional banks on specific projects to combat poverty, improve the living conditions of people in developing countries and protect the climate and oceans.

Besides providing financial resources, the Joint Initiative on Circular Economy (JICE) launched by European public promotional banks in 2019 intensively deals with the framework conditions needed to reinforce circular business model economies and investments in Europe.
At the end of 2024 the promotional banks’ CEOs and presidents submitted a recommendation paper to the European Commission.
The recommended measures address four fields of action:
1. Positioning of circular economy as a game changer for Europe
2. Creating new markets and supporting circular economy innovations
3. Simplifying rules and ensuring that these support circular economy models
4. Enhancing access to the financial resources and promoting investments
Besides KfW, the following banks and institutions are members of Joint Initiative on Circular Economy („JICE“): Bpifrance (France), BGK (Poland), CDC (France), CDP (Italy), ICO (Spain), Invest-NL (Netherlands), EIB
KfW Stories
As of December 2024
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