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Further cooperation partners of DEG are the International Finance Corporation (IFC), a member of the World Bank, the European Bank for Reconstruction and Development (EBRD), as well as numerous local and regional development companies. The pooling of financing capacities and in-house knowledge leads to broader developmental efficacy and greater ...
The IFC reported a partial offset from lower liquid asset trading income, higher administrative costs, and higher advisory service expenses. The IFC made $600 million in grants to IDA countries in fiscal 2011, up from $200 million in fiscal 2010 and $450 million in fiscal 2009. The IFC reported a net income of $1.58 billion in fiscal year 2011 ...
the DEG German Investment Corporation or Deutsche Investitions- und Entwicklungsgesellschaft, [4] headquartered in Cologne, Germany. the French Development Agency, [5] and Caisse des dépôts, founded 1816, both headquartered in Paris, France.
Since 2004, the IFC has channeled $650 million into 26 gold mining projects. In Peru, the IFC put up $23 million to build Yanacocha beginning in 1993, and then financed an expansion six years later. The IFC also holds a 5 percent ownership stake in the mine. (Newmont is the majority owner, with a 51 percent stake.
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
The history of German foreign policy covers diplomatic developments and international history since 1871. Before 1866, Habsburg Austria and its German Confederation were the nominal leader in German affairs, but the Hohenzollern Kingdom of Prussia exercised increasingly dominant influence in German affairs, owing partly to its ability to participate in German Confederation politics through its ...
The Index reached its lowest value in united Germany in March 2020 with 74.2 points. In December 2008, the business expectations component hit an all-time low of 76.9 points. The lowest level of the second component of the Index, business situation , was at its lowest point in May 2009 with 82.5 points.
The 2024 European Parliament election was the first national election to be held in Germany since the 2021 federal election, in which former Chancellor Angela Merkel's Christian Democrats CDU-CSU lost to the Social Democratic Party (SPD) led by Olaf Scholz [6] who formed a "traffic light coalition" with the Free Democratic Party (FDP) and the Alliance 90/The Greens.