Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung

Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung is an economic development agency based in Berlin, Germany. Established in 1961, the agency aims to ensure that scarce resources are more equitably shared and that the environment is preserved for the coming generations. It also aims to help reduce global poverty. BMZ develops the guidelines and the fundamental concepts on which German development policy is based. The assets are managed by the ministry officials.