Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is a Development Finance Institution (DFI) and a subsidiary of KfW Group. It was founded in Cologne in September 1962 as a federally owned company by the former Federal President Walter Scheel. Since its foundation, DEG has been headquartered in Cologne. In 2008, DEG moved into a modern, energy efficient office building in the city centre. DEG has 20 representative offices across the world, inter alia in Bangkok, Beijing, Istanbul, Jakarta, Johannesburg, Lagos, Lima, Mexico City, Nairobi, New Delhi, São Paulo and Singapore. In 2021, DEG employed a staff of approximately 650, both in Germany and abroad. DEG generated new business totaling EUR 1.5 billion in 2021 and the balance sheet total amounted to EUR 5.328 billion. Since its foundation, DEG has co-financed almost 1,300 companies in more than 120 countries. With a portfolio of around EUR 9.2 billion in nearly 80 countries DEG is one of the world's largest private-sector development financiers. Mission and products DEG finances long-term investments of private companies in developing and emerging-market countries. As one of the world's largest development finance institutions, it promotes private sector companies to contribute to sustainable economic growth and improved living conditions in these countries. DEG focuses on projects and corporate finance in Africa, Asia, Latin America as well as in Central, Eastern and South-Eastern Europe. Its financing products, which are offered at market-oriented conditions, comprise Business Support Services Equity capital Guarantees Long-term loans Mezzanine financing Among DEG's customers are corporates, financial institutions, funds and project financiers. Moreover, DEG offers advisory services, which are offered to both companies willing to invest and institutions promoting private-sector cooperation in its partner countries. Furthermore, DEG - as one of the three official partners - implements the develoPPP.de programme of the Federal German Ministry for Economic Co-operation and Development (BMZ). develoPPP.de targets companies that invest in developing and emerging-market countries and are seeking ways to shape their corporate commitment in the long term. These develoPPP.de funds are mainly allotted to projects concerning environment, training and upskilling, workplace security and to outstanding pilot projects. Since 2017, DEG offers financial support and solutions via German Desks together with local partner banks and local German Chambers of Commerce Abroad. A local bank employee who operates in both languages and cultures, handles particular needs of German firms or supports investment financing for local companies wishing to acquire German equipment, for example. In all