Mitarbeiter sonstige

EU development banking: options to strengthen coherence, effectiveness and flexibility

Berensmann, Kathrin / Benedikt Erforth / Niels Keijzer / Yabibal Walle
Mitarbeiter sonstige (2024)

in: Christine Hackenesch / Niels Keijzer / Svea Koch (eds.), The European Union’s global role in a changing world: challenges and opportunities for the new leadership, Bonn: German Institute of Development and Sustainability (IDOS), 18-23

DOI: https://doi.org/10.23661/idp11.2024.4
Open access

Europe is home to some of the world’s largest public development banks. They are part of a broader group of actors that constitute the European Financial Architecture for Development (EFAD). While a flexible concept, we understand the EFAD to encompass European and national development banks, such as the German Kreditanstalt für Wiederaufbau (KfW), the European Investment Bank, as well as member states’ implementing agencies and the European private sector (Karaki & Bilal, 2023). The European Union (EU) and its member states are collectively the largest provider of official development assistance (ODA) with European development finance institutions playing a central part towards achieving 2030 Agenda, realising the EU’s development goals and facilitating a transition towards a greener and more sustainable global economy.