KfW Development Bank in 2021
Promoting stable development
Commitments in 2021 by region (EUR in billions, differences in the totals due to rounding)
Building back better: 2.7 billion euros
The poor and poorest countries receive reconstruction support to help cushion the blows resulting from the COVID-19 pandemic and prepare for the future.
For clean water –
SDG 6: 800 million euros
Access to drinking water for 9.2million people, improved disposal of sanitary waste and waste water for 2.9 million people, and better protection from heavy rain and flooding for 200,000 people.
For quality education –
SDG 4: 919 million euros
Some 2.2 million children and young people benefit in their schooling, of which around 1.2 million are girls and women.
For food security –
SDG 2: 648 million euros
2.7 million people are less affected by hunger and malnutrition and 1.5 million people benefit from improved agriculture.
Focus in Africa: 2,316 million euros
The economy is booming with a new middle class emerging in many African countries. KfW promotes opportunities and creates prospects for leveraging the continent’s potential.
New commitments at pre-COVID level
Challenging conditions in partner countries, pandemic-induced delays in projects and the transition away from short-term coronavirus aid to long-term measures led to commitments falling short of the 2020 record level. KfW provided EUR 8.6 billion (2020: EUR 11 billion) in financing to developing countries and emerging economies on behalf of the German Federal Government in 2021.
Promoting independent electricity generation
The CEI Africa foundation created by KfW finances privately-operated solar systems known as mini-grids. This gives more than 350,000 people access to clean energy.
Conserving nature for the long term
KfW is supporting biodiversity in Tanzania with EUR 20 million. In addition to protecting biodiversity, the project is also aimed at improving management of nature conservation areas.
Enabling sustainable education
Primary school children in Malawi have made good progress in learning through app-based instruction in maths, reading and writing.
Climate action – for a sustainable future
Climate change is one of the greatest challenges facing mankind. Developing countries suffer the most from weather extremes such as drought, flooding and heat waves, although they have contributed the least to climate change. On behalf of the German Federal Government, KfW helps its partner countries around the globe in transforming their social and economic systems in a climate-friendly manner. The projects financed in 2021 will reduce carbon emissions by 7.5 million t per year in future.
Biodiversity – protecting life below water and on land
Mankind faces the issues key to the future of conserving nature and protecting biodiversity. Simultaneous solutions must be found to three interlinked crises: limiting climate change to a tolerable degree; preventing and containing pandemics, and conserving biodiversity. Germany has made a strong commitment to the preservation of biodiversity and is now one of the largest financial supporters worldwide, through KfW, of protecting habitats below water and on land. Commitments in this area amounted to around EUR 685 million in 2021, an increase of almost 27% compared to the previous year.
Digitalisation – sustainable use of technology that promotes development
Even if this is not its sole role, digitalisation is an important driver of innovation, and received a global boost during the coronavirus pandemic. It offers virtually endless opportunities in developing countries in particular, not only because knowledge can be quickly accessed online, but also because cost and time needed can be reduced, distances overcome and technology levels bypassed. It is also beneficial when it comes to modernising the economy, society and day-to-day life. KfW Development Bank supports its partners in realising sustainable development potential by means of technology and innovation in a variety of sectors.
The information contained in this online Annual Report 2021 is based on KfW’s Financial Report 2021, which you can download Should this online Annual Report 2021, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2021 takes priority.