KFW Bankengruppe

The development of KfW Group has been closely connected to the economic development of the Federal Republic of Germany. Since its founding in 1948 and according to its statutory mission, KfW has been supporting change and encouraging forward-looking ideas – in Germany, Europe and throughout the world. For this purpose it has provided more than one trillion euros in loans over seven decades.

Three years after the fall of the dictator, Ben Ali, the country has a secular constitution, the Islamists of the Ennahdha party have relinquished power, an election law was enacted by a large majority and, at the end of 2014, voters will elect a new parliament and president. Despite all of its difficulties, the country can be proud of the relatively good structure it has established in the first three years after the radical change. Compared to its African neighbours, Tunisians have a relatively high standard of living, but poverty and unemployment persist in the country’s interior. There is hardly any dialogue between secular and conservative Islamic powers. – The transformation process is being actively supported by the German Federal Government: since 2011, more than EUR 100 million in FC funds have been pledged for water, climate protection, renewable energy and energy efficiency as well as job stimulation