KfW activities in Bosnia and Herzegovina
Donor Coordination Forum
Sarajevo, March 2012
Stephan Leudesdorff; Director KfW office Bosnia and Herzegovina
KfW Bankengruppe
Financing with a Public Mission
o Promotional Bank of the Federal Republic
o
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of Germany
Founded 1948 as Kreditanstalt für
Wiederaufbau
Shareholders: 80% Federal Republic, 20%
Federal States
Headquarters: Frankfurt am Main,
Branches: Berlin and Bonn
Representative offices: about 60 offices
and representatives worldwide
Balance sheet total at end 2010: EUR 442
billion
4,530 employees (2010)
Rating: AAA/Aaa/AAA
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A Bank with a wide array of functions
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Focal areas in Bosnia and Herzegovina
I
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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):
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Bilateral contributions of the German Government (grants, soft loans)
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International funds of the German Government
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KfW´s own funds
II Additional sources of financing:
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European Commission (IPA funds)
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Other donors (e.g. Swiss Government, Danish Government)
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Funds of the Bosnian Government
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KfW development bank in Bosnia and Herzegovina
Commitment of funds in the sectors
Commitment of funds in the sectors (accumulated)
180
160
in Mio. EUR
140
120
Water/ waste water
100
Energy
80
Financial sector**
60
40
20
0
2007
2008
2009
2010
2011
*Loans signed only; third party funds not included
**For the financial sector only active loans included
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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.
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II.
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III.
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IV.
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V.
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Kakanj
Rehabilitation of urban water supply, € 4.3 m; project completed
Program „Rehabilitation of Urban Water Supply and Sewerage Systems BiH I)
Participating municipalities: Kakanj, Bihac, Derventa and Kostajnica; € 14 m; project
completed
Bihac
Waste water treatment plant, € 17.5 m
Banja Luka
Urban water supply and sewage systems; € 14m plus € 4.5 m EU contribution
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]