Germany steps up development aid for water
- From: Vol 2, Issue 7 (July 2001)
- Category: General
- Region: Europe
- Country: Germany
- Related Companies: Berlinwasser and KfW
The German development bank, Kreditanstalt für Wiederaufbau (KfW) is playing an important role in improving the water sector in poorer countries around the world. It now makes more funds available to water and wastewater projects than the European Bank for Reconstruction and Development (EBRD).
Last year, water and wastewater projects accounted for DM651 million (€332.8 million), or a record 36% of the funds that were disbursed by the bank’s Financial Cooperation (FC) programme of cheap loans and grants to developing countries. This was nearly 50% more than the €211 million in concession financing and municipal loans invested in the water sector by ...
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