News

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.

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.

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.

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.

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.

Schroders, BlueOrchard Finance Ltd (part of the Schroders Group), and the Luxembourg Ministry of Finance are launching an impact strategy with the goal of contributing to the transition to carbon-neutral and resilient economies and achieving sustainable growth in emerging markets.

Minister of Finance Yuriko Backes visited London from 7 to 8 June 2022 as part of a financial mission.

At the invitation of the President of the Portuguese Republic, Marcelo Rebelo de Sousa, TT.RR.HH. the Grand Duke and Grand Duchess visited the Portuguese Republic from 11 to 12 May 2022.

Prime Minister Xavier Bettel, Minister of Finance Yuriko Backes and Minister of the Economy Franz Fayot presented the so-called 'Solidaritéitspak' package to the 'Tripartite' Commission of the Chamber of Deputies on Tuesday 19 April 2022.

The University of Luxembourg's Interdisciplinary Centre for Security, Reliability and Trust (SnT), in collaboration with the Department of Media, Connectivity and Digital Policy (SMC) of the Ministry of State, today announces the development of the Luxembourg Quantum Communication Infrastructure Laboratory (LUQCIA).

On 11 January 2022, Yuriko Backes, newly appointed Minister of Finance, met with Pascal Saint-Amans, Director of the Centre for Tax Policy and Administration of the Organisation for Economic Co-operation and Development (OECD) to discuss the current state-of-play of the international tax reform and next steps in its implementation.

The agreement on telework concluded with Germany due to the COVID 19 pandemic will remain applicable at least until March 31 2022, the competent authorities from Luxembourg and Germany decided.

Pierre Gramegna, Minister of Finance, and Paulette Lenert, Minister for Consumer Protection, visited the customs offices in Bettembourg on September 30, 2021 as part of a joint working visit.

On 6 September 2021, Luxembourg published the first bond report relating to its pioneering sovereign sustainability bond issued on 7 September 2020, as foreseen by Luxembourg's Sustainability Bond Framework. The document is primarily aimed at international institutional investors and includes the allocation and impact reports.

Joint report about “Listing State-Owned Enterprises (SOEs) in Emerging and Developing Economies” The report “Listing State-Owned Enterprises (SOEs) in