News

On International Women's Day, the Ministry of Finance announces the launch of seven working groups, each with a strategic focus to drive gender finance initiatives forward. These working groups were launched at a meeting of the Gender Finance Task Force, an initiative of the Ministry of Finance to champion gender equality in and by the financial sector.

On 6 March 2024, Minister of Finance Gilles Roth presented the State budget for 2024 to the Chamber of Deputies. The new government's first budget is being presented under the banner of a "new dynamic for our country" (Neie Schwong fir eist Land).

At the invitation of the Belgian Presidency of the Council of the European Union, the Minister of Finance, Gilles Roth, attended the meetings of the Eurogroup and the Informal Economic and Financial Affairs Council (ECOFIN) in Ghent from 23 to 24 February 2024.

On 31 January 2024, the Prime Minister, Luc Frieden, the Minister of Housing and Spatial Planning, Claude Meisch, and the Minister of Finance, Gilles Roth, presented an initial package of measures which were adopted by the Government Council on the same day.

On 23 January 2024, Minister of Finance Gilles Roth presented the State's financial position at 31 December 2023 to the members of the Finance Committee and the Committee for Monitoring Budget Implementation.

Luxembourg, Switzerland, and UBS Optimus Foundation are joining forces to scale up impact investing globally.

On 20 December 2023, the Chamber of Deputies adopted the bill on minimum effective taxation to transpose into national legislation Council Directive (EU) 2022/2523 of 15 December 2022 to ensure a worldwide minimum level of taxation for multinational enterprise groups and large domestic groups in the European Union.

The annual United Nations Climate Change Conferences, held under the United Nations Framework Convention on Climate Change (UNFCCC), bring together parties known as the Conference of the Parties (COP) to assess progress in addressing climate change.

To keep pace with the rapid development and growth of the crypto-asset market and to ensure that recent gains in global tax transparency will not be gradually eroded, we welcome the new international standard on automatic exchange of information between tax authorities developed by the OECD – the Crypto-Asset Reporting Framework (CARF).

On October 16, 2023, the Minister of Finance, Yuriko Backes, welcomed Janet Yellen, the United States Secretary of the Treasury, to the Ministry of Finance for a bilateral meeting. This marks the first visit by a member of President Biden's cabinet to Luxembourg. Janet Yellen also attended a Eurogroup meeting held in Kirchberg in the afternoon.

At the opening of the "Automotive Day" in Esch-Belval on 5 October 2023, Prime Minister, Minister of State, Xavier Bettel, Minister of Finance, Yuriko Backes, and Minister of the Economy, Franz Fayot, announced the signing of a memorandum of understanding with the American company Lyten, which will establish its European headquarters in Luxembourg.

On September 7, U.S. Embassy Luxembourg, Limpertsberg History Friends, and the Ghost Army Legacy Project unveiled a new monument in Limpertsberg dedicated to the Ghost Army, a special U.S. Army Unit that played a key role in the liberation of Luxembourg in WWII.

Yuriko Backes, Minister of Finance, announced yesterday the launch of the Luxembourg Gender Finance Task Force, with a view to support, drive and stimulate gender finance in the Luxembourg financial centre. This initiative underlines the growing importance of gender finance both nationally and globally, within the field of sustainable finance.

The Grand Duchy of Luxembourg, represented by Minister for Development Cooperation and Humanitarian Affairs Franz Fayot, and Minister of Finance Yuriko Backes, has pledged an additional €4.8 million to EIB Global’s Financial Inclusion Fund, bringing the fund’s total size to €11.5 million.

The European Investment Bank (EIB) and the ministers of 16 EU countries today signed expressions of intent for the EIB EU for Ukraine Fund in support of Ukraine's agenda for recovery and reconstruction.