Export Container

    Financing for German exports to emerging and developing countries

    KfW IPEX-Bank administers the ERP Export Financing Programme on behalf of the Federal Republic of Germany and KfW.

    New markets for German exporters

    All banks eligible for buyer credit cover from the Federal Republic of Germany (so-called Hermes cover) may apply to the ERP Export Financing Programme.

    Loans supported through the ERP Special Fund

    The ERP Export Financing Programme supports lending for German exports to emerging and developing countries. Under this programme, eligible banks can offer loans to foreign buyers of German exports and to banks in the buyer's country at the minimum interest rate set by the OECD (CIRR - Commercial Interest Reference Rate). If the corresponding programme criteria are fulfilled, KfW provides refinancing to participating banks within the programme framework. In addition, KfW generally excludes certain projects from financing or specifies terms and conditions that must be met. For details see the exclusion list and the sectoral guidelines of KfW Group:

    Exclusion List and Supplementary Requirements of KfW Group

    Sector Guidelines of KfW Group

    The loans are supported through the ERP Special Fund. Officially known as the "European Recovery Program", the ERP Special Fund dates back to the Marshall Plan, which was established after the end of World War II. The Fund is administered by KfW on behalf of the Federal Republic and is still used today to stimulate the German economy.

    In carrying out the ERP Export Financing Programme, KfW acts as mandatary of the Federal Republic and has assigned the actual programme implementation to KfW IPEX-Bank. For more information see the corresponding information sheet. Please also feel free to contact us by mail at: .

    Further information

    Information Sheet ERP Export Financing Programme