Digital transformation for sustainable growth in the private sector
Nearly one in ten people worldwide suffers from hunger, around 120 million people fell back into extreme poverty in 2021 and young women in Africa are less than half as likely as men to find a job or a training position.
These statistics show that our global challenges are closely connected to the local and international economy. We need new working structures and economic sectors, innovations and people who have the courage to implement them. In this way, we can master the challenges and establish people-centred economic systems. This economic change can be driven forward using digital technologies.
We support our partner countries in making the digital transformation of the private sector fair and inclusive, in improving general conditions and in developing suitable funding structures. Right from the offset, we have been pursuing viable vocational education strategies that impart the right skills for dynamic economic development in a practical and needs-based manner. We are working with the international digital economy to tap into comparative advantages and boost economic activity.
enables the secure disbursement of public investments in partner countries, and manages work and coordination processes between business partners efficiently and transparently. The software developed by KfW Development Bank is not only based on a blockchain, but is also open-source.
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KfW Development Bank has published a manual on “Remote Management, Monitoring, and Verification” (RMMV) for International Financial Cooperation. It contains numerous recommendations and fact sheets for the use of tools and technologies that are helpful for the development of digital approaches and components in projects.
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The Scaling Toolkit is a practical guide and resource hub designed to help organisations and innovators evaluate and navigate the complicated process of scaling up the positive impact of digital solutions in international cooperation. Based on practical examples, it can be applied to various projects and provides concrete tools and templates to guide practitioners through the iterative process of scaling.
Scaling toolkit
