Africa-CIRR
The "Africa-CIRR" program by KfW Bankengruppe offers low-interest refinancing loans to credit institutions for large-volume German export transactions to Africa. The aim is to facilitate the financing of capital goods and services, thereby supporting German exporters and the economies in African recipient countries. The program is based on a fixed interest rate set by the German federal government, the Commercial Interest Reference Rate (CIRR rate).
Who is funded?
The "Africa-CIRR" program is aimed at credit institutions that finance large-volume export transactions of German capital goods and services to African recipient countries. The goal is to strengthen the German export economy and the economy in the African target countries.
What is funded?
Exports of capital goods and services from Germany to Africa are supported. The eligibility of projects is determined by the federal government, taking into account compliance with the exclusion lists and sector guidelines of KfW Bankengruppe.
Type and Extent of Funding
The program offers low-interest refinancing loans for credit institutions. The terms and the amount of refinancing are determined individually, applying a fixed interest rate based on the Commercial Interest Reference Rate (CIRR rate).
Conditions and Requirements
To be eligible for funding, credit institutions must meet certain legal and operational requirements. This includes access to Hermes cover, fulfillment of information obligations, and compliance with the sustainability criteria of KfW Bankengruppe. Special requirements for loan collateral and contract design also apply.
Application Process
The application process takes place in several steps, starting with a preliminary application to KfW IPEX-Bank, followed by a final application after a commitment in principle for Hermes cover and approval by the federal government are available.
Legal Basis
The program is based on a resolution of the German Bundestag and is subject to the guidelines of the Organization for Economic Co-operation and Development (OECD) and the German Subsidy Act.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
determined individually for each loan. The loan amount must generally exceed 85 million Euros.
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Individual Aid
Region:
African recipient countries (Africa)
Sectors:
Other
Beneficiaries:
Export transactions of German capital goods and services
Application Type:
Single Applicant
Funding Stages:
Commercialization
Funding Provider
Program Level:
National
Funding Body:
Federal Ministry for Economic Affairs and Climate Action (BMWK)
Managed By:
KfW IPEX-Bank GmbH
Additional Partners:
Organisation for Economic Co-Operation and Development (OECD), German exporters
Website: