Federal Ministry for Economic Cooperation and Development
The Federal Minstry for Economic Cooperation and Development (BMZ) develops the guidelines and the fundamental concepts on which German development policy is based. It devises long-term strategies for cooperation with the various players concerned and defines the rules for implementing that cooperation. These are the foundations for developing shared projects with partner countries and international development organisations. All efforts are informed by the United Nations' Millennium Development Goals, which ambitiously aim to halve poverty in the world by 2015.
In political and financial terms, the main focus is on bilateral official development cooperation, i.e. direct cooperation with a partner country. With its partners, and in consultation with other donor countries, the BMZ elaborates country strategy papers and identifies common priority areas. Country strategy papers are the key management instrument of the BMZ and the basis for medium-term cooperation. The precise arrangements are laid down in agreements, which set out in detail the objectives, time schedules, form and volume of support. This support may take the form of loans on favourable terms, consultancy and training services, the promotion of private sector investment, grants and scholarships, but also emergency aid.