Federal Ministry for Economic Cooperation and Development
| Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung | |
| File:DEgov-BMZ-Logo en.svg | |
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| File:Bonn, ehemaliges Bundeskanzleramt.jpg 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 | €9.94 billion (2025)[1] |
| Minister responsible |
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| Agency executives |
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| Website | www |
The Federal Ministry for Economic Cooperation and Development (German: Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung, pronounced [ˈbʊndəsminɪsˌteːʁiʊm fyːɐ̯ ˈvɪʁt.ʃaftlɪçə tsuˈzamənˌʔaʁbaɪt ʔʊnt ʔɛntˈvɪklʊŋ] Audio file "De-Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung.ogg" not found; 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.
The BMZ was created in 1961 as a reflection of the growing prioritization of foreign aid beyond financial gain, a relatively unique choice at the time. Germany was a pioneer in establishing the BMZ, as most countries did not have established aid agencies for the explicit purpose of managing ODA.[2] In the following decades, the BMZ increasingly prioritized sustainable development (SD) in policy discourse focusing on providing basic needs and explicitly incorporating Millennium Development Goals (MDGs).[3] The MDGs were replaced with the Sustainable Development Goals (SDGs) upon the UN publication of Agenda 2030 in 2015.[4] The BMZ strongly supported the reorientation led by the OECD towards tangible and measurable goals for sustainability.[3]
In 2024 Germany was the second biggest donor of development cooperation after the United States, spending 32.4 billion USD, equivalent to 0.67% of GNI, on Official development assistance.[5] 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.
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References
[edit | edit source]- ^ Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
- ^ https://www.econstor.eu/handle/10419/199376
- ^ a b https://doi.org/10.1080/19460171.2023.2265988
- ^ https://www.un.org/sustainabledevelopment/development-agenda-retired/
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