Abstract
ABSTRACT The sudden impact of the Covid-19 global pandemic threw societies into crisis, with their capacity to respond effectively dependent on existing public infrastructure. This article examines the case of Germany and its large public development bank, the KfW, during the pandemic. This paper argues that the KfW’s pandemic responses substantiate the bank as ‘essential public infrastructure’ and, moreover, as one that can function according to public purpose. That is, the KfW functions were essential to enabling society to respond to Covid-19 according to public purpose that was in the public interest. The lessons of the KfW, Covid-19, and public purpose have relevance to the future of public development bank financing of green and just transitions.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.