KfW commitment to developing countries stable at €10.6bn
Promotion of developing countries and emerging economies by Germany's KfW in 2019 maintained the previous year’s level of €10.6 billion for 529 projects.
Of the amount, €8.8 billion was accounted for by KfW Development Bank (up from €8.7 billion in 2018) and €1.8 billion by KfW subsidiary DEG (down from €1.9 billion).
The regional focus of both institutions in 2019 was on Africa, with around 29% of all commitments and an amount of more than €3.1 billion. The overall portfolio for Africa totals €21 billion.
In 2019, DEG’s portfolio increased by around 8% to €9 billion, providing a total of €691 million to projects which encourage climate and environmental protection (up from €641 million in 2018). This included financing for solar parks in Kenya, Jordan and Bangladesh.
