KfW Banking Group supports the EITI

German-based KfW Banking Group has now become an EITI supporter. It is the first national development bank to do so, and joins seven international financing institutions in supporting the EITI.

The task of representation in EITI has been assigned to DEG, which is responsible in KfW Bankengruppe for private-sector promotion in developing countries. “By joining this Initiative we shall promote the broader acceptance of this international transparency standard.