News

Interview with Yuriko Backes in the 2023 Governors' Digest by the African Development Bank Group

Yuriko Backes, Minister of Finance, concluded her visit to China from May 21 to 25, 2023. This marked the first visit by a European Finance Minister to the country since the end of the pandemic.

On Thursday, 30 March, Minister of Finance, Yuriko Backes, Minister for the Environment, Climate and Sustainable Development, Joëlle Welfring, and Vice-President of the European Investment Bank (EIB), Kris Peeters, presented a financing agreement between Luxembourg and the EIB to fund the ecological restoration of the Alzette river and its tributary, the Pétrusse.

On 27 March 2023, Franz Fayot, Minister for Development Cooperation and Humanitarian Affairs, and Yuriko Backes, Minister of Finance, signed with Alfred Hannig, Executive Director of the Alliance for Financial Inclusion, the extension of the cooperation agreement with the European Representative Office of AFI during an official ceremony at the Luxembourg House of Financial Technology.

On Friday, 17 March 2023, the Ministry of Finance, Ministry of the Economy, Société nationale de crédit et d'investissement (SNCI) and the European Investment Fund (EIF) officially launched the Luxembourg Future Fund 2 (LFF 2).

On 13 and 14 March 2023 Minister of Finance Yuriko Backes participated in the Eurogroup and the Economic and Financial Affairs Council (Ecofin) in Brussels.

On International Women's Day, the Luxembourg Women in Finance Charter was launched with 69 signatories, which include the country's leading financial services firms, to improve gender diversity in the Luxembourg financial centre.

The year 2022 was marked by an unprecedented inflationary surge in energy prices and consumer prices in general, fuelled by Russia's war of invasion against Ukraine.

The Ministry of Finance of Luxembourg is proud to announce its multi-year support to 2X Global, a global non-for profit membership and field building organization dedicated to unlocking gender-smart capital at scale.

On 13 and 14 January Minister of Finance Yuriko Backes participated in the Eurogroup and the Economic and Financial Affairs Council (Ecofin) in Brussels.

From 5 to 8 February, Minister of Finance Yuriko Backes travelled to South Korea on a financial mission.

On 30 January 2023, Minister of Finance Yuriko Backes presented the financial situation of the State as of 31 December 2022 at a joint meeting of the Finance and Budget Committee and the Budget Implementation Committee of the Parliament.

The rating agency Scope Ratings has just confirmed on Friday the "AAA" credit rating of the Grand Duchy of Luxembourg with a stable outlook. This higher rating reflects the country's resilient economy, as well as the good performance of public finances.

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.

For the eighth time, the Prime Minister, Minister of State, Xavier Bettel, attended the World Economic Forum (#WEF23) in Davos, Switzerland. During his trip, the Prime Minister was accompanied by the Minister of Finance, Yuriko Backes and H.R.H. the Hereditary Grand Duke.