Land NRW’s funding needs to reach up to €40bn for 2020

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By Burhan Khadbai
03 Apr 2020

The State of North Rhine-Westphalia (Land NRW)’s borrowing programme for the year is on the up and could reach an all-time high in response to the region’s fiscal package to counter the impact of the coronavirus pandemic.

“The state has announced a fiscal response package worth up to €25bn, which will be authorised in separate tranches,” said Axel Bendeik, head of treasury and investor relations at Land NRW. “The first tranche of €5bn was authorised at the end of March, giving us a current funding ...

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