KfW Entwicklungsbank - German Development Bank (KfW)
- Created on Tuesday, 10 April 2012 19:23
- Published on Tuesday, 10 April 2012 19:23
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KfW banking group is a German government-owned development bank, based in Frankfurt. One of its services is to provide financing to governments, public enterprises and commercial banks engaged in microfinance and social development in developing countries. Country groups are offered different financing conditions depending mainly on their per capita income. This is part of what is officially called development cooperation and is more commonly called development aid.
The work of KfW Development Bank is called “financial cooperation” which is complemented by “technical cooperation” by GIZ and other public agencies. GIZ previously GTZ is a private international enterprise owned by the German Federal Government, specializing in, but not limited to, technical cooperation for sustainable development with worldwide operation. It primarily works for public sector organizations and is headquartered in Eschborn, Germany. The main sectors of financial cooperation are water supply and sanitation, renewable energy and energy efficiency, as well as the development of the financial sector. KfW development bank also works among other sectors, in health, education, agriculture, forestry and solid waste management.
In the area of health KfW supports social marketing and social franchising (e.g. the Total Condom Market approach which considers purchasing power, effectiveness and sustainability) initiatives in 28 countries with a total programme value of 350 million Euros. In addition there four regional initiatives related to HIV/AIDS one of which is Caribbean Social Marketing Project HIV and AIDS Prevention and Reproductive Health Promotion CARISMA. Regional initiatives are a key strategy for the bank to reach transborder audiences and cover regions with many small countries.
CARISMA Project funded by KFW
The Caribbean Social Marketing Programme for HIV Prevention and the promotion of Reproductive Health – known as CARISMA – has been working in the Caribbean since 2005, supporting Social Marketing Organisations to prevent HIV and AIDS through social marketing, behaviour change and by growing the total condom market. Now in its second phase, the CARISMA programme expanded its focus to include family planning, anti-stigma and discrimination campaigns as well as the general promotion of sexual health and reproductive rights. click here to visit the project website
See also We finance economic and social progress in developing and transition countries so that people have better livesWe finance economic and social progress in developing and transition countries so that people have better livesWe finance economic and social progress in developing and transition countries so that people have better lives.