Member since: 05/2019

Active in: WG4

www.kfw.de

KfW Development Bank

The KfW is one of the world’s leading development banks. Working on behalf of the German state, it draws on its decades of experience to improve economic, societal and environmental conditions at home and abroad. KfW’s subsidiaries DEG and KfW IPEX-Bank work alongside KfW Development Bank to provide funding for international investments. KfW Development Bank delivers the financial aspects of the German government’s projects and programmes, whose major stakeholders tend to be state actors in developing and middle-income countries. At the same time, the DEG provides funding and advice to private companies investing in these locations, while KfW IPEX-Bank supports German and European businesses with project and export funding.

The KfW has joined the PREVENT Waste Alliance to contribute its many years of experience in designing, implementing and funding waste management and circular economy projects in developing and middle-income countries. By helping to build networks between stakeholders in development projects and partner countries, the KfW encourages a productive exchange of knowledge between subject matter experts. Our aim is to develop synergies and share expertise, thus helping to develop shared approaches to success and ensuring that projects continue to develop and improve.

The transition to the circular economy is seen as a crucial step towards solving the global waste problem. Financial cooperation projects are incorporating more and more ideas for reducing waste and increasing recycling and the reuse of materials. KfW’s commitment on these issues extends well beyond waste management, too. Along with 5 other European development banks, the KfW is supporting the switch to a sustainable circular economy as part of the Joint Initiative on Circular Economy (JICE). The aim is to avoid waste, ensure resources are used more efficiently, and encourage innovation. To achieve this, the principle of circularity needs to be firmly established in every sector of the economy, which is why at least 10 billion euros will be invested in circular economy projects within the EU over the five-year period between 2019 and 2023.