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Contributions from
the Column
Facts and trends
As Cancún approaches: Bundestag debate and new NGO campaign
Ahead of the Cancún world trade talks: lots of issues still unsettled
BMZ budget 2004
Basic education
GTZ's annual report: income growth
India plans
Interview with Jürgen Wilhelm:
40 years of DED: "Our work will become more political"
KfW annual report: lending commitments reduced
Lesotho: Lahmeyer found guilty of corruption
Cooperation with Namibia
8-9/2003
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[ KfW annual report:
lending commitments reduced ]
The volume of loans for developing countries committed by the German Development Bank KfW decreased by a good 15 percent to 1,111 million euros in 2002. This was confirmed by KfW's 2002 annual report, which was presented on June 16 in Frankfurt. While BMZ-funded loans showed only a marginal downturn, the capital market funds for mixed and composite financing diminished by nearly 50 percent to 140 million euros. The German Investment and Development Company (DEG), however, which is integrated in the KfW group, increased its lendings by a good 12 percent to 464 million euros.
The key topic of this year's annual report is promotion of renewable energies. KfW managing director Wolfgang Kroh said renewable energies will play an increasingly important role because they foster economic growth while at the same time contributing to climate protection. According to the annual report, 58 percent of KfW and DEG energy-related loans in the last five years have been for projects harnessing renewable energies.
DEG managing director Winfried Polte reported that the developmental impact of DEG projects was assessed for the first time in 2002 in an overall review. The study showed that last year's lendings alone secured or created 100,000 jobs. For the moment, the evaluation work done at DEG will be for internal use only; findings will not be published because, as Winfried Polte put it, DEG would first need to become experienced in using the new tool. (ell)
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