Focal Areas of Development Cooperation : Germany
Focal Areas of Development Cooperation : Germany
Decisions as to which sectors of the economy require priority treatment are made in consultation with the partner country, taking into consideration the development policy concept of the Federal Ministry for medium-sized businesses, the pillars of balanced economic development resistant to crises, are central to our activities. Support for small enterprises is a direct contribution to poverty alleviation. Private-sector involvement is being called for more and more in the context of physical infrastructure and the provision of public services.
The economic upturn of the newly industrialized countries (NICs) in Asia and Latin America has shown the type of dynamic development that can be achieved by extending trade and creating incentives for the deployment of private capital. German development cooperation assumes the function of intermediary and catalyst in the economic sector.