DEG commits €1.4bn from own funds in 2020
Germany's DEG made commitments from its own funds totalling approximately €1.4 billion for financing private investment in developing and emerging countries in 2020 - down from €1.8 billion in 2019.
It mobilised a further €378 million from private lenders, an increase on the previous year's figure of €277 million. An additional €63 million (up from €28 million in 2019) came from promotional funds for co-financing of entrepreneurial activities.
DEG provided a total of €508 million in 2020 for investments that promote climate and environmental protection. This included financing for solar farms in Kenya, Jordan and Cambodia.
In regional terms, financing commitments for Africa developed particularly positively, growing by around 12% year on year to €386 million. The largest share of new business in 2020 related to Asia, where DEG invested €440 million. Broken down by sector, the main focus in 2020 was once again on the financial sector, followed by manufacturing.
