The German Sparkassenstiftung for International Cooperation is the development-policy branch of the Sparkassen-Finanzgruppe. Its task is to disseminate the successful Sparkasse model across regional borders and around the globe. By enabling people in developing countries and emerging economies to access financial services, it aims to create opportunities that will allow them to leave poverty behind. The projects of Sparkassenstiftung are funded mainly by the BMZ, GIZ and EBRD. Currently, German Sparkassenstiftung works in over 50 countries in Africa, Latinamerica, Southeast-Asia, Central-Asia, Europe and the Caucasus. The main objective is to promote financial inclusion and access to financial services.