

KfW is the Initiator of EFSE, providing it with the backing of a first-class, AAA-rated German bank. It is also one of the underlying distributors.
KfW's financial sector activities comprise a broad spectrum of promotional schemes focusing on the development of the private sector. As the former manager of the predecessor development finance programmes and investor in various microfinance banks, KfW has created an outstanding track record in Southeast Europe since the early nineties.
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Kreditanstalt für Wiederaufbau (KfW)