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German development bank to invest €10bn in sustainable housing

Germany's state-owned development bank KfW plans to create more affordable and sustainable housing as the country struggles with a growing shortfall of such housing. More than €10 billion ($10.8 billion) were earmarked for this in the 2024 federal budget, the bank announced on Wednesday - around €5 billion more than was spent last year. "The creation of sustainable and affordable housing is one of our priorities in 2024," said chief executive Stefan Wintels. Specifically, this involves new fundi

Joint Initiative on Circular Economy (JICE) Continues Beyond 2023 with €8 9 Billion Funding for Sustainable Projects

Joint Initiative on Circular Economy (JICE) Continues Beyond 2023 with €8 9 Billion Funding for Sustainable Projects
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EIB: Joint Initiative on Circular Economy (JICE) funds projects worth €8 9B

The European Union’s largest public promotional banks and institutions - Bank Gospodarstwa Krajowego (BGK - Poland), Caisse des Dépôts Groupe (CDC - France), including Bpifrance, the French investment bank, Cassa Depositi e Prestiti (CDP - Italy), Instituto de Crédito Oficial (ICO - Spain) and Kreditanstalt für Wiederaufbau (KfW - Germany) – and the European Investment Bank (EIB) decided to prolong their joint initiative on circular economy (JICE) beyond the original timeframe of 2023.

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