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The Ministry was founded in 1973 under the Central Bureau of Planning. At the end of 1980s, and its name was changed to the Ministry of Planning and Development. In the beginning of the millennium, its name was changed again to the Ministry of Planning and International Cooperation.

Some of the Ministry’s functions are:

  • To conduct research and economic and social studies and prepare strategies for development.
  • To identify private sector development policies and provide a suitable environment for investment.
  • To prepare and implement sectoral, regional and local policies and set investment priorities and follow up the implementation and evaluation.
  • To manage and coordinate economic, social, cultural, scientific and technical programs funded from various external sources and supervise the projects’ evaluation.