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Scope Ratings affirms the Grand Duchy's "AAA" rating
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.
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Yuriko Backes on a working visit to Warsaw
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.
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Xavier Bettel, Yuriko Backes and H.R.H. the Hereditary Grand Duke at the World Economic Forum in Davos
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.
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Yuriko Backes at the Eurogroup and Ecofin meetings in Brussels
On 16th and 17th January Minister of Finance Yuriko Backes participated in the Eurogroup and the Economic and Financial Affairs Council (Ecofin) in Brussels.
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Fitch reaffirms Luxembourg's "AAA" rating
The rating agency Fitch has just confirmed this Friday, after the markets closed, the "AAA" credit rating of the Grand Duchy of Luxembourg with stable outlook. This improved rating reflects the Grand Duchy's good governance indicators, strong public finances and the country's economic resilience despite the current uncertain economic environment.
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Luxembourg supports international EIB training programme
The Grand Duchy of Luxembourg is stepping up its support for young talent from African, Caribbean and Pacific (ACP) countries and the Southern Neighbourhood regions (Middle East and North Africa) by sponsoring an EIB training programme.
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First day of the official visit to Luxembourg of the Prime Minister of the Socialist Republic of Vietnam, Phạm Minh Chính
The Prime Minister of the Socialist Republic of Vietnam, Phạm Minh Chính, and the ministerial delegation consisting of four Vietnamese ministers and a large business delegation concluded the first day of their visit to Luxembourg.
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"The potential for developing economic exchanges between our countries is great" - Yuriko Backes in New York and Toronto for a financial mission
From 28 November to 2 December 2022, the Minister of Finance Yuriko Backes was on a financial mission to New York and Toronto.
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The OECD presented its Economic Survey of Luxembourg in the presence of Ministers Franz Fayot, Yuriko Backes and Claude Turmes
On 17 November 2022, OECD Secretary-General Mathias Cormann presented the new edition of the Economic Survey of Luxembourg published by the Organisation for Economic Cooperation and Development (OECD).
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DBRS Morningstar confirms Luxembourg's "AAA" rating
The credit rating agency DBRS Morningstar confirmed on Friday evening, 11 November 2022, the "AAA" rating of the Grand Duchy of Luxembourg, with a stable outlook.
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IFC and Luxembourg extend partnership to support market creation in partner countries
Washington, D.C, October 15, 2022 – The International Finance Corporation (IFC), a member of the World Bank Group, signed a new agreement today with the Government of Luxembourg to support low- and middle-income countries in market creation and private sector investment.
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"Increasing the supply of housing!": Reform of the land tax and the mobilisation of land and housing
Two days after its adoption by the Government, Minister for Home Affairs, Taina Bofferding, Minister for Housing, Henri Kox, and Minister of Finance, Yuriko Backes, today presented the bill on the land tax, land mobilisation tax and housing tax, as well as the bill on the national register of buildings and dwellings.
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New school for refugees opens in Kirchberg
On 26 September, Luxembourg's Minister of Finance Yuriko Backes, Minister of Education, Children and Youth Claude Meisch and EIB President Werner Hoyer inaugurated a new school for migrant children in an EIB building in Kirchberg.
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World Bank and Luxembourg Mark 75 Years of Shared History - From World Bank Founding Member and Borrower to Key Development Partner
Seventy-five years ago today, the newly established International Bank for Reconstruction and Development (IBRD), now known as the World Bank, made its first and only loan to Luxembourg. The loan was IBRD's fourth loan, laying the foundation for Luxembourg's steel industry and playing a key role in supporting the country's economic recovery in the aftermath of World War II.
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The Grand Duchy of Luxembourg and the Global Green Growth Institute (GGGI) sign an Agreement for the establishment of a GGGI office in Luxembourg
Jean Asselborn, Minister of Foreign and European Affairs, signed today with Frank Rijsberman, Director-General at the Global Green Growth Institute (GGGI), an Agreement that will provide GGGI with the necessary legal and institutional status to allow it to establish an office in Luxembourg.