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Federal government’s raw materials fund can start

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Published: September 19th, 2024,
Last updated: September 25th, 2024

Minister of Finance Lindner and Minister for Economic Affairs Habeck have reached an agreement.

The German government’s raw materials fund, which has been planned for some time, can now begin: Federal Minister for Economic Affairs Robert Habeck and Federal Minister of Finance Christian Lindner have instructed the state development bank KfW to set up the fund. This was reported by Handelsblatt, referring to a letter from the two ministers to KfW CEO Stefan Wintels. According to the letter, the bank is to use the fund to promote raw materials projects in order to secure the supply of raw materials to German companies, reduce their dependence on other countries and strengthen the resilience of supply chains and the national economy.

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