The Minister of Finance Yuriko Backes travelled to Warsaw on 26 and 27 January 2023 for a meeting with the Polish Minister of Finance Magdalena Rzeczkowska. She also took the opportunity to attend the 4th Luxembourg-Poland Business Conference, in the presence of her Polish counterpart and the Vice-President of the European Investment Bank, Teresa Czerwińska.
During their meeting, the Ministers of Finance of Luxembourg and Poland exchanged views on bilateral cooperation in the financial field and the main dossiers under discussion at the Ecofin Council, the macroeconomic situation, the war in Ukraine and their respective priorities in the area of sustainable finance. The Ministers also agreed to strengthen exchanges in this area.
Yuriko Backes: "In 2016, Poland became the first country in the world to issue a sovereign green bond, which it placed on the Luxembourg Green Exchange. Last year, my counterpart initiated the process of establishing a roadmap for sustainable finance in Poland. As a leading financial centre and international platform for sustainable investments, Luxembourg can act as a partner for Poland in its efforts to use sustainable finance for the green transition of its economy."
In her speech at the conference "The future of sustainable finance - digital strategy and initiatives in Luxembourg and Poland", which brought together start-ups, financial sector professionals and representatives from the world of private equity and venture capital, Yuriko Backes underlined the role of sustainable finance and digitalisation in the development of a low-carbon economy and the potential of fintech and venture capital to stimulate innovation in this context.
For the Minister of Finance, "the EU's response to the pandemic has been to prioritise growth-generating investments in the ecological and digital transition. This dual transition will not only make the European economy more resilient, but also more competitive, and will strengthen Europe's role as a global leader in the fight against climate change".
Press release by the Ministry of Finance