The Federal Ministry for Economic Cooperation and Development (german: Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung, ), 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
Europahaus ( en, House of Europe) is a large high-rise office block in Berlin, Germany, located in the Kreuzberg district on Stresemannstraße, facing the remains of the former Anhalter Bahnhof railway terminus across Askanischer Platz. It was ...
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.
Under the overall lead of the BMZ, the agencies
Deutsche Gesellschaft für Internationale Zusammenarbeit
The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (English: ''German Agency for International Cooperation GmbH''), often simply shortened to GIZ, is the main German development agency. It is headquartered in Bonn and Eschb ...
(GIZ) and
Kreditanstalt für Wiederaufbau (KfW) are responsible for implementing bilateral co-operation, the bulk of Germany's
official development assistance (ODA). According to the
OECD, 2020 ODA from Germany increased by 13.7% to US$28.4 billion.
For education and service purposes,
Engagement Global gGmbH is subordinate to the ministry.
List
Political Party:
References
Economic Cooperation And Development
International development agencies
Economy of Germany
Germany, Economic Cooperation And Development
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