KfW's European commitment

KfW's European commitment

    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.

    Cooperation with European promotional banks

    KfW is cooperating with many national promotional banks and institutions in the EU.

    Development Cooperation

    European cooperation within the framework of development cooperation.

    Unterzeichnung Georgien PBL

    The new reform program “Green Transition for Georgia” is another example of how further alignment with the EU policies is being put into practice, and a clear commitment by the Georgian Government to pursue its European way.

    On 24 November 2023, the German Ambassador Peter Fischer, the French Ambassador Sheraz Gasri as well as representatives of KfW and Agence Française de Développement (AFD), the German Ministry of Economic Cooperation and Development (BMZ) and the EU through the European Delegation to Georgia, signed a joint agreement on the multi-year green reform program with the Georgian Government.

    The reform program focuses on “green” topics such renewable energy, green hydrogen, carbon pricing, smart mobility and sustainable finance. It is designed as a policy-based lending approach whereby Georgia benefits from concessional budget financing for successfully implementing EU policies, aligning the country more and more with EU legislation.

    KfW Stories

    "Difficult times are European times"

    Interview with Dr Jan Klasen, Head of Department of Federal and European Affairs of KfW, outlines the cooperation between Europe’s national promotional banks and institutions (NPBIs) and share their recent experience of working to counter the economic consequences of the coronavirus crisis

    "Our channel to Brussels"

    Europe’s promotional banks are joining forces to overcome the major challenges of our time – a mission best accomplished with direct interactions on a day-to-day basis in the EU’s political and administrative capital. David Denzer-Speck runs the KfW office at the heart of the EU.

    Dossier Plastic waste

    In our dossier, we present the Clean Oceans Initiative co-founded by KfW, which has just celebrated its two-year anniversary – and other innovative approaches to preventing and processing plastic waste.

    Dossier "Circular economy"

    In our dossier, we present the European Joint Initiative on Circular economy, and projects that pursue the principle of a closed-loop economy.

    As of February 2023

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