Germany's KfW shifts focus to urban development

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The German government-owned development bank, KfW has churned its India funding strategy. It is phasing out its commitments for the support of the financial sector in India and shifting its priorities to funding sustainable urban development.

Over the last ten years, KfW had three focus sectors in India: energy, environment and natural resources, and financial systems or sustainable economic development. Last year, there was a shift in focus areas, which will result in an increasing role of sustainable urban development within Indo-German bilateral development cooperation, according to a senior official at KfW. This is in keeping with Prime Minister Narendra