News

The key measures of Solidaritéitspak 3.0 were unanimously approved by Parliament, marking an important step in the implementation of this package of measures.

The Global Green Growth Institute (GGGI), a treaty-based intergovernmental organisation, inaugurated its European Liaison Office in Luxembourg today. This new office is a significant milestone for the organisation, as it aims to facilitate exchanges between GGGI's Member States and European partners to support climate action and access to green and climate finance in Africa, Latin America and Asia

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.