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Kreditanstalt für Wiederaufbau ("Credit Institute for Reconstruction", KfW) is a state bank of the Government of the Federal Republic of Germany, which is a leader among the banks of Germany in the facilitation of economic development of Germany, Europe and the World. KfW head office is located in the city of Frankfurt-on-Main, the representative offices – in Berlin, Bonn and in more than 50 countries.

KfW activity areas: small and medium business support; general lending; construction and energy efficiency, environment protection; social infrastructure funding (water supply, energy supply, education, health care, etc); export and project financing; tasks of public importance; refinancing.

KfW main tools:

- loans are provided by the FRG Government, that acts through the KfW (finance terms – 2% per year for 30-40 years, including 10 years – grace period);

- grants;

- mixed financing: loan + grant (expert work support, consulting, training, etc);

- financial resources combining: KfW adds its own funding to the state share (in this case loan terms are – 2-6% per year for 10-25 years, grace period – 1-4 years);

- commercial loans (so-called promotion loans).

Within the framework of cooperation of Ukraine with KfW as for now three projects were successfully completed with a total amount of 217.0 million euros, disbursement for them was 100 %.

3 investment projects are in the process of implementation with a total amount of 207.5 million euros, from which as for April 1, 2021, utilized 53,38 million euros (25.73 %).