Study links German development spending to increased exports and job creation

Study links German development spending to increased exports and job creation
Banking & Financial Services
Webp 8uig0rrqg97nz9bt1nmxj44ohmgg
Sonja Höpfner Spokeswoman and Communication Manager | KfW Group

Spending on development cooperation has a positive impact on prosperity and employment in Germany, according to a recent study by the University of Göttingen for KfW. The analysis explores the connection between payments made under German development cooperation and exports of German goods to partner countries.

"Spending on development cooperation creates prosperity and jobs in Germany," states the paper, highlighting the benefits for both economic growth and job creation within the country.

The study examines how financial contributions under development cooperation influence trade relationships with associated partner nations, potentially boosting German exports.