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KfW activities in Bosnia and Herzegovina
Donor Coordination Forum
Sarajevo, March 2012
Stephan Leudesdorff; Director KfW office Bosnia and Herzegovina
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KfW BankengruppeFinancing with a Public Mission
o Promotional Bank of the Federal Republic of Germany
o Founded 1948 as Kreditanstalt für Wiederaufbau
o Shareholders: 80% Federal Republic, 20% Federal States
o Headquarters: Frankfurt am Main,
Branches: Berlin and Bonno Representative offices: about 60 offices
and representatives worldwideo Balance sheet total at end 2010: EUR 442
billiono 4,530 employees (2010)o Rating: AAA/Aaa/AAA
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A Bank with a wide array of functions
Domestic promotional activities
Promotion ofhousing, education,infrastructure and
social development
Promotion of SMEs,entrepreneurs,
environmental and climate protectionbusiness start-ups
Financing of municipal
infrastructure projects and promotion in
Europe
Promotion ofdeveloping and
transition countries
Internationalproject and
export finance
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Focal areas in Bosnia and Herzegovina
I Financial Sector● Strengthening of the trust in the reliability of financial markets ● Provide medium to long-term funding for micro, small and medium sized
enterprises in urban and rural areas ● Support to the market consolidation of the micro finance sector● Promotion of energy efficiency
II Energy Sector● Promotion of renewable energy● Promotion of energy efficiency
III Municipal infrastructure● Sustainable solutions for water supply problems ● Advancements in the field of waste water collection and treatment
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Financing sources for Bosnia and Herzegovina
I Contributions of the German Funds for Financial Cooperation (ODA):● Bilateral contributions of the German Government (grants, soft loans)● International funds of the German Government ● KfW´s own funds
II Additional sources of financing:● European Commission (IPA funds)● Other donors (e.g. Swiss Government, Danish Government)● Funds of the Bosnian Government
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KfW development bank in Bosnia and HerzegovinaCommitment of funds in the sectors
*Loans signed only; third party funds not included
**For the financial sector only active loans included
Commitment of funds in the sectors (accumulated)
0
20
40
60
80
100
120
140
160
180
2007 2008 2009 2010 2011
in M
io.
EU
R
Water/ waste water
Energy
Financial sector**
Financial Sector
I Objectives:● Strengthening of the intermediaries for the promotion of economic
development in Bosnia and Herzegovina
II Funds:● Guarantees and credit lines for local commercial banks and microfinance
institutions● Providing TA to the partner institutions
Overview of KfW‘s contribution to the financial sector in Bosnia and Herzegovina
I EFBH (European Fund for Bosnia and Herzegovina)● Virtual fund funded by various sources (e.g. Danish Government, BiH Government)
Mother of all refinancing funds in Balkan● Contributed amount: €19 million
II Credit Guarantee Fund (CGF)● Guarantee liabilities amounting to € 5.2 million
III Energy efficiency credit line● Contributed amount: €12 million
Energy Sector
I Objective:● Rehabilitation & construction of power generation facilities with the objective of
ensuring reliable, affordable and sustainable energy supply
II Funds:● Development loans for wind parks & HPPs● Grant funds for the preparation of studies for the
construction of new generation facilities● TA
KfW’s energy projects in Bosnia and Herzegovina
I Rehabilitation of Hydro Power Plants (HPP)● HPP Trebinje (3x57 MW), phase 1 (€2 m) ● HPP Trebinje (3x57 MW), phase 2 (€5 m)● HPP Rama (2x80 MW) (€17 m)
II New Hydro Power Plants● Run-of-river HPP Cijevna III (13 MW) on river Bosna (€ 50 m loan plus € 5 m IPA
funds)● Pump storage power Plant Vrilo under preparation ( 64 MW) (up to € 100 m loan)● Run-of river HPP Janjici (app. 12 MW) on river Bosnia; FS under preparation (up to €
50 m loan)
III Energy Efficiency● Distribution SCADA system (€17 m)
KfW’s energy projects in Bosnia and Herzegovina
IV Wind parks● Establishment of first wind atlas for BiH in 2009● Wind park Mesihovina (close to Tomislavgrad) (44 MW), € 71 m loan, € 1m grant
(TA)● Under preparation: Wind park south part of RS, up to € 50 Mio loan
Municipal infrastructure: Water & wastewater
I Objectives:● Enabling financially and ecologically sustainable supply of potable water as well as
wastewater collection and treatment ● Improving living standard of citizens ● Protecting natural resources
II Funds:● Development loans and grants for the municipalities● Support in the area of structural changes (accomp. measures) ● Grants for the development of feasibility studies● Harmonization of the activities with local and external donor agencies
Joint preparations and co-financing projects with EC and other donors, in particular Swiss and Austrian Government
KfW’s water projects in Bosnia and Herzegovina
I. Kakanj● Rehabilitation of urban water supply, € 4.3 m; project completed
II. Program „Rehabilitation of Urban Water Supply and Sewerage Systems BiH I)● Participating municipalities: Kakanj, Bihac, Derventa and Kostajnica; € 14 m; project
completed
III. Bihac● Waste water treatment plant, € 17.5 m
IV. Banja Luka● Urban water supply and sewage systems; € 14m plus € 4.5 m EU contribution
V. Program „Rehabilitation of Urban Water Supply and Sewerage Systems BiH II“● Under preparation; participating municipalities: Tuzla, Zenica, Travnik; up to € 19.5 m
plus a contribution from the Swiss government
Thank you for your attention!
Stephan Leudesdorff
Director KfW Office in Bosnia and Herzegovina
Phone: + 387 33 590 409
Mailto: [email protected]