DEG at a glance: Business year 2023

In the fiscal year 2023 DEG continued to forge ahead despite challenging global conditions: It committed a new record volume of EUR 1.9 billion for private investments in developing and emerging countries. DEG mobilized a further EUR 613 million from other investors. The DEG portfolio grew to EUR 10.3 billion, reaching a double-digit billion value for the first time.

A focus was on projects that promote climate and environmental protection, for which EUR 680 million was provided. Exemplary of this commitment was the investment of USD 50 million for the Emerging Markets Infrastructure Fund II, which, with its Net Zero strategy, advances the transformation of transport infrastructure and the expansion of renewable energies in South and Southeast Asia and Africa.

The business with German customers also grew in 2023: Around EUR 516 million was committed for investments of German companies in countries like Mexico and Brazil. Through advisory and support programs such as Business Support Services (BSS), AfricaConnect (now ImpactConnect), and the Up-Scaling Program, DEG also provided a total of EUR 92 million for undertakings with a development impact.

DEG customers employed around 3.3 million people in developing countries in 2023, and the financed companies contributed EUR 235 billion to local income.