Federal Ministry for Economic Cooperation and Development

The Federal Ministry for Economic Cooperation and Development (, ), 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). Provided by Wikipedia