BERLIN — One of the clearest signals of Germany's emergence as a leader in global development is the growth of the country's development finance institutions, which are setting clearer priorities, while also drawing new scrutiny.
The country's flagship development bank, housed within the Kreditanstalt für Wiederaufbau Group, or Credit Institute for Reconstruction, has seen its new annual investments grow from €6.6 billion in 2015 ($7.21 billion) to €8.7 billion ($9.98 billion) last year. The amount of government grant funds contributing to those totals has increased from €2.1 billion to €2.9 billion, with the remainder coming from funds the institution raises on the capital market.
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Andrew Green@_andrew_green
Andrew Green is a Devex Correspondent based in Berlin. His coverage focuses primarily on health and human rights and he has previously worked as Voice of America's South Sudan bureau chief and the Center for Public Integrity's web editor.
