The Development Report 2023 shows that the businesses funded by DEG generated local income of EUR 235bn in 2023, which included wages and salaries, taxes and revenue from local procurement.
DEG CEO, Roland Siller, said:
"The fact that the development impact remains very good and stable is all the more gratifying given that the challenging political and economic environment persisted last year. The contributions of private sector companies are key to economic development in developing and emerging market countries. They drive productivity and sustainable economic growth, create jobs and support development at local level."