Standpoint: Hermes guarantees for infrastructure financing – a good idea?

Portraits Thomas Alberghina and Stefan Eitel

Government credit insurance such as Hermes guarantees could be a lever for private capital. This is at least one of the proposals for financing the German Federal Government’s special infrastructure fund. But can private investors really be mobilised by offering Hermes guarantees for investments in German infrastructure?

In a conversation with Mischa Ehrhardt from the public radio broadcaster Deutschlandfunk, Thomas Alberghina, Director of Infrastructure, and our Hermes specialist Stefan Eitel, Director of Structuring Advisory, are among the experts who take a look at Hermes guarantees and how they work, and discuss whether they are a suitable instrument for stimulating investments in German infrastructure.

Listen to the interview "Mit staatlichen Bürgschaften noch mehr Geld hebeln"

broadcast in German on 21 August 2025 on Deutschlandfunk