Federal Ministry for Economic Cooperation and Development
The BMZ was founded 1961, as the Ministry for Economic Cooperation. Lots of different ministries had a little to do with helping the economies of foreign countries. These jobs were all taken away and given to the new ministry. It became the "Ministry for Economic Cooperation and Development" on 23 January 1993. The change was to show that Germany was not just interested in working with Less Developed Countries, but in helping those countries as well.