Intent on protecting Ukrainian businesses from collapsing in the midst of the Russian invasion, the German development finance institute Deutsche Investitions- und Entwicklungsgesellschaft, aka the German Investment and Development Company, is helping prop up the country’s private sector.
The DFI, a subsidiary of Germany’s leading development bank, the Kreditanstalt für Wiederaufbau, or Credit Institute for Reconstruction, has a current portfolio of $70 million in investments in Ukraine’s private sector. KfW has an additional $1.4 billion invested in Ukraine’s public sector.
“We don’t want to wait until the war is over. Support must be constant,” said Roland Siller, CEO of DEG, which finances private sector development. He was speaking in the midst of the Munich Security Conference, a setting deliberately chosen to emphasize DEG’s message that support for Ukraine’s private sector is a global security issue, where threats to key sectors, like agriculture, could have global consequences.
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Andrew Green@_andrew_green
Andrew Green, a 2025 Alicia Patterson Fellow, works as a contributing reporter for Devex from Berlin.
