KfW Development Bank in 2022
We promote development
KfW promotes projects in Africa, the Middle East, Asia, Latin America and South-East Europe on behalf of the German Federal Government. The bank supports developing countries and emerging economies in alleviating poverty, securing peace, protecting the environment, mitigating climate change and ensuring fair globalisation.
EUR 6.2 billion for climate action
Among other things, these commitments are expected to save 11.3 million tonnes of CO2 per year in the coming years. Around 21 million people will be directly supported in tackling the consequences of climate change, while a further 40 million people will receive indirect support – e.g. through insurance (SDG 13).
EUR 831 million for biodiversity on land
Conserving nature and protecting biodiversity is an issue of central importance for the future of humanity. With the 2022 commitments, for example, forests can be protected, sustainably managed and restored (SDG 15).
EUR 474 million for food security
For example, the financed projects in KfW Development Bank’s partner countries will contribute to reducing hunger and malnutrition (SDG 2).
Aid for Ukraine: EUR 810 million
Commitments have doubled compared to the pre-war period. KfW is currently supporting Ukraine with 31 projects. To this end, it is cooperating with partners and international organisations. For example, internally displaced persons are receiving grants to cover their most urgent needs for clothing, food, medicine and housing.
EUR 592 million for peace, justice and strong institutions
Because the number of crises and conflicts has increased significantly in recent years, KfW is implementing more and more projects in fragile contexts. More than 9 million refugees, internally displaced persons, returnees and residents of host communities (SDG 16) will benefit from the 2022 commitments.
Significant increase in new commitments to EUR 10.9 billion (2021: EUR 8.6 billion)
Despite ongoing global crises, the promotion of a sustainable transformation remains the focus of Financial Cooperation. Initiatives regarding the global energy transition/security included energy partnerships with India, Indonesia and South Africa, for example.
Ukraine is being supported with significantly increased commitments to maintain its state functions – for example, energy and water supply – and to meet the needs of internally displaced persons.
KfW has now launched the PtX platform, the world’s first financing platform for financing green hydrogen infrastructure.
KfW is supporting the administration and expansion of infrastructure in West Africa’s biggest national park complex, which straddles both Niger and Benin. This contributes to the fight against poaching and to supporting local residents in the region.
Improving living conditions
KfW is working with UNDP and other UN organisations to rebuild and stabilise Iraq. In addition to rebuilding basic supply infrastructure in the areas formerly occupied by the Islamic State, it is also supporting the rehabilitation and construction of new buildings in Mosul, which has been badly destroyed.
Driving sustainable mobility
Smart management is set to guide traffic flow in Tbilisi and Batumi in the future, helping to avoid congestion and air pollution. Fast bus lanes, cycle paths and footpaths will also be expanded so that traffic management and modes of transport are aligned with climate action objectives.
Climate action – mitigating climate change for a sustainable future
Climate change is among the greatest challenges currently facing humanity. Developing countries contribute the least to climate change, yet also suffer the most from extreme weather conditions, such as droughts, floods and heat waves.
On behalf of the German Federal Government, KfW is supporting its partner countries around the world as they reorganise their social and economic systems. In 2022, commitments totalling EUR 7.6 billion were made for projects relevant to climate and the environment. This is expected to save around 11 million tonnes of CO2 equivalent per year in the future. With its new commitments in 2022, KfW’s energy sector is also contributing to providing around 870,000 people with first-time or improved access to a modern energy supply. The promotion of energy efficiency is expected to save over 2,400,000MWh of energy per year in the coming years. In addition, it is expected to generate over 1,152MW of additional installed capacity from renewable energies (around 4,000GWh of energy generated per year).
Biodiversity – protecting life under water and on land
Conserving nature and protecting biodiversity is an issue of central importance for the future for humanity. Specifically, three inter-related crises need to be resolved all at once: limiting climate change to a tolerable level, preventing and containing pandemics, and preserving biodiversity. Germany is strongly committed to the conservation of biological diversity, and, through the work of KfW, is now one of the largest donors worldwide for the protection of habitats both on land and underwater. KfW is promoting more than 300 projects in 60 countries and regions, which include significantly more than 800 nature conservation areas worldwide. Commitments for SDG 14 projects amounted to around EUR 108 million in 2022, while commitments for SDG 15 projects amounted to over EUR 830 million.
Fragile states, reconstruction and food security
In 2022, EUR 592 million was committed for projects and programmes in the area of peace, justice and strong institutions. In Lebanon, KfW Development Bank is supporting projects that promote sustainable development while also creating jobs.
Digitalisation – using technology sustainably and thereby fostering development
Digitalisation is playing an important role as a driver of innovation and is an integral part of infrastructure in an increasingly digitalised economy and society. Digital technologies improve the efficiency of processes and systems as well as enhance the transparency of government actions and thereby accountability to its citizens. Sustainable and inclusive use of digital technologies can reduce the various barriers to the implementation of our projects and improve the impact of our commitment. New commitments for KfW Development Bank projects aiming to support SDG 9 amounted to around EUR 793 million in 2022. In total, the current portfolio comprises 325 projects that are geared towards digital transformation or contain larger digital components.
The information contained in this online Annual Report 2022 is based on KfW’s Financial Report 2022, which you can download Should this online Annual Report 2022, despite the great care taken in preparation of its content, contain any contradictions or errors compared to the Financial Report, the KfW Financial Report 2022 takes priority.