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Our commitment in Europe

KfW-Standorte in den EU-Nachbarschaftsregionen

On behalf of the German Federal Government, KfW Development Bank works closely with the institutions of the EU and its member states to further increase the effectiveness of European development cooperation (DC) and to combine forces and use synergies in times of multiple crises and challenges. To this end, we act within the framework of #Team Europe in close cooperation with the EU Commission as well as with other multilateral or bilateral actors in European development finance.

In order to support the EU in achieving its development policy goals even more efficiently, KfW and its partner institutions AECID (Spain), AFD (France) and CDP (Italy) founded the network JEFIC - Joint European Financiers for International Cooperation in June 2022. Building on their successful "Enhanced Partnership", the four national entities now share a common identity to further leverage their specific strengths and advantages, as well as their local presence in 85 countries, for the implementation of EU projects.

A core concern of JEFIC is to mobilise public and private capital for increased, effective investments in the Sustainable Development Goals (SDGs). For this purpose, so-called EU blending is a proven and particularly efficient instrument. It is a combination of grants from the EU and loans from development banks with the aim of enabling larger investment projects and using EU public development funds as efficiently as possible, especially in strategic priority areas such as the Global Gateway Initiative. In this way, low-interest and long-term financing can be offered for important infrastructure and other future-oriented projects in developing countries and emerging economies.

Together with the EU, KfW supports the countries of the EU's neighbouring regions in Central and Eastern Europe, the Balkans or the Mediterranean on their path to Europe. Through our field offices in the respective capitals, we work directly with our partners on the ground and on the pulse of events. How the people there are doing, what moves them and what hopes and challenges they associate with Europe can be seen in the articles in our "Perspectives on Europe" series, where local employees and partners regularly have their say.

European perspectives

Moldova turning to the West

For decades Moldova was under the influence of Russia. With KfW's support, the small state is seeking to join the European Union economically and politically. In an interview, Dumitru Burdianschi, Minister of Finance of the Republic of Moldova, comments on the situation.

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Serbia on its way to the EU

Serbia and the European Union have been in negotiations on EU accession since 2014. KfW promotes the country's advancement with a focus on the topics of urban development, energy/environment and employment.

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Georgia on the fast track

The direction is clear: Georgia is heading for Europe, applying for EU membership. But reforms are still necessary to qualify for admission. On behalf of the German Federal Government, KfW is supporting the country in this.

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News

  • The Ukranian flag

    2022-08-04 | Europe

    Modern vocational schools for Ukraine

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  • Four people behind a frame

    2022-06-21 | EUROPE

    JEFIC - Next level in cooperation between European public development banks

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  • Four people in front of flags

    2022-07-04 | CAUCASUS

    Federal Development Minister Svenja Schulze visits Georgia and Armenia Read more

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  • Sewage plant from above

    2022-03-22 | EUROPE

    Improving water quality and promoting renewable energies

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