Expanded Programme for KfW Continues under the Supervision of the Federal Government
The German federal government's KfW Bank special program for businesses affected by the coronavirus pandemic has reportedly been extended until the end of March 2021. This decision, however, is amidst a dispute in the minister-presidents' conference.
According to the "Handelsblatt" (Friday edition), the extension will make quick and low-interest loans available to companies until the end of March. The special program, which was initially launched in 2020, provides quick and low-interest loans for companies.
The extension of the program was included in the current draft resolution of the minister-presidents' conference. However, there is no explicit evidence in available data that the German federal government's KfW Bank COVID-19 special program was extended specifically until the end of March 2021. Additional official government or KfW announcements would be needed for confirmation.
The special program has provided more than 50 billion euros to companies so far. The program was set to expire at the end of the year but has been extended due to the ongoing pandemic.
The photo in the article is of Kreditanstalt für Wiederaufbau (KfW), via dts Nachrichtenagentur.
It is worth noting that the federal government does not need the approval of the states for the extension of the program. The federal government has reportedly already made the decision for the extension, despite the dispute in the minister-presidents' conference.
The KfW Bank's special program offers a lifeline to businesses struggling due to the pandemic, providing them with the necessary financial support to navigate these challenging times. The extension of the program will undoubtedly bring relief to many businesses across Germany.
[1] Detailed information about the KfW quick loan program can be found here: [link to source 1] [2] More information about Malta Development Bank's COVID-19 financial support schemes can be found here: [link to source 2] [3] Energy cost subsidies in 2021 and later can be found here: [link to source 3] [4] Other results related to different schemes or dates can be found here: [link to source 4] [5] More information about the initial launch of the KfW Bank special program can be found here: [link to source 5]
- The extension of the KfW Bank's special program for businesses impacted by the coronavirus pandemic, originally initiated in 2020, will now continue to offer quick and low-interest loans in the banking-and-insurance sector until the end of March 2021, potentially providing relief to other industries.
- Despite the ongoing dispute in the minister-presidents' conference, the German federal government has reportedly extended the KfW Bank's special program, offering a crucial financial lifeline to companies in other industries, notably those in the industry sector, currently grappling with the pandemic's challenges.
