KfW Development Bank
The Kreditanstalt für Wiederaufbau (KfW) is one of the world’s leading promotional banks. KfW has been committed to improving economic, social and environmental living conditions across the globe on behalf of the Federal Republic of Germany and the federal states since 1948. To do this, it provided funds totalling EUR 112.8 billion in 2024 alone. KfW does not have any branches and does not hold customer deposits. To refinance its business activities, KfW raised funds totalling around EUR 78.1 billion on the international capital markets in 2024 – EUR 12.2 billion of which through ‘Green Bonds – Made by KfW’. At its headquarters in Frankfurt am Main, at its two branches in Berlin and Bonn, at its subsidiaries KfW IPEX-Bank, DEG and KfW Capital, it employs 8,853 members of staff (as of 2024). It is represented at around 80 locations worldwide. As a bank committed to responsibility, KfW supports people, countries and institutions who think ahead, driving our society towards the future. This profile is what clearly sets KfW apart from other commercial banks. KfW focus areas for promotion and financing are Promotion of small- and medium-sized enterprises and start-ups; Provision of equity capital; Programmes for the energy-efficient refurbishment of residential property; Support for measures aimed at protecting the environment; Educational funding for private customers, Financing programmes for municipalities and regional promotional banks Export and project finance, Promotion of developing countries and emerging economies, and Financing and advice for companies in developing countries and emerging economies.
In the Skills Alliance for Ukraine, KfW is represented with one project:
• KfW’s projects “Vocational Training in the Eastern Partnership I and II” aim to strengthen the Vocational Education infrastructure in Ukraine. Four schools will be rehabilitated, equipped, and established as “Centers of Excellence for Vocational Training”. They will offer comprehensive vocational education as well as short-term trainings which will be highly in demand after the war to meet the urgent short-term needs, including for war veterans and internally displaced people. A skilled workforce – tailored to the needs of the Ukrainian labour market – is crucial for the Ukrainian economy and for the well-being of Ukrainian citizens – both in a protracted war situation, but also in a scenario of significant stabilization, recovery and reconstruction as well as future EU approach.
• Outcomes/impact of the projects are improving the vocational training infrastructure, strengthening the image and attractiveness of vocational training, labour market-oriented qualification of young skilled workers, increasing job and income prospects for those entering the profession, increasing the competitiveness of companies, strengthening the economy in the medium term.