Federal Ministry for Economic Cooperation and Development information
Ministry of the Federal Republic of Germany
Federal Ministry for Economic Cooperation and Development
Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ)
Offices of the BMZ in the former Federal Chancellery in Bonn
Agency overview
Formed
14 November 1961
Jurisdiction
Government of Germany
Headquarters
Dahlmannstraße 4, 53113 Bonn
Employees
approx. 1,100
Annual budget
€12.426 billion (2021)[1]
Minister responsible
Svenja Schulze, Federal Minister for Economic Cooperation and Development
Agency executives
Niels Annen, Parliamentary State Secretary
Bärbel Kofler, Parliamentary State Secretary
Jochen Flasbarth, State Secretary
Website
http://www.bmz.de
The Federal Ministry for Economic Cooperation and Development (German: Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung, pronounced[ˈbʊndəsminɪsˌteːʁiʊmfyːɐ̯ˈvɪʁtʃaftlɪçət͡suˈzamənˌʔaʁbaɪ̯tʊntɛntˈvɪklʊŋ]ⓘ), abbreviated BMZ, is a cabinet-level ministry of the Federal Republic of Germany. Its main office is at the former German Chancellery in Bonn with a second major office at the Europahaus in Berlin.
Founded in 1961, the Ministry works to encourage economic development within Germany and in other countries through international cooperation and partnerships. It cooperates with international organizations involved in development including the International Monetary Fund, World Bank, and the United Nations.
Germany is the second-largest development co-operation provider of the Development Assistance Committee (DAC). Bilateral co-operation constitutes the bulk of Germany’s official development assistance (ODA), under the overall lead of the Federal Ministry for Economic Cooperation and Development (BMZ), while the Federal Foreign Office oversees humanitarian aid, crisis prevention, stabilisation and peace-building.
According to the OECD, Germany’s total ODA (USD 35 billion, preliminary data) increased in 2022 due to an increase in in-donor refugee costs and increased contributions to international organisations. It represented 0.83% of gross national income (GNI).[2]
^"Bundeshaushalt". www.bundeshaushalt.de. Retrieved 10 May 2021.
^"OECD Development Co-operation Profiles". Retrieved 15 September 2023.
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