IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Germany's development institutions are important partners to IFC. KfW Bankengruppe (KfW), which includes DEG, acts as a long-term co-lender in a variety of industry sectors, including agri-finance, microfinance and sustainable energy. DEG is amongst IFC's most valued, long-standing partners. In FY19-23, Germany provided cumulative funding of close to 133 million to support IFC Advisory Services. This included support by the Ministry for Economic Cooperation and Development (BMZ) for food systems in Africa, PPP advisory and capital markets, as well as support by the Ministry for Economic Affairs and Climate Action (BMWK) for green finance.