Luxembourg Aid & Development

Overview

The primary objective of Luxembourg development cooperation is ending poverty. Its activities are imbued with an ethos of sustainable development, socially, economically and environmentally, while taking account of the distinctiveness of the target populations. To achieve this objective, Luxembourg will continue to promote a multi-stakeholder partnership approach in the framework of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals. Luxembourg aims, in particular, at ensuring a minimum level of livelihood, in a rights-based environment, and creating equal opportunities for all, particularly for the most vulnerable and unprivileged, so everyone can actively determine the course of their own lives.

The Luxembourg agency for development cooperation Lux-Dev is the executive agency for most of Luxembourg's bilateral development cooperation projects. Over the past two decades, Luxembourg, via the Directorate of Development Cooperation at the Ministry of Foreign and European Affairs and the Finance Ministry, has actively supported the development of microfinance and inclusive finance as tools for promoting development and ending poverty. Luxembourg's objective is to provide an impoverished population, typically cut off from formal financial services, with access to basic financial services such as, in particular, loans, savings, money transfer and micro-insurance. In the occupied Palestinian territories (OPT), Luxembourg's cooperation programme makes a voluntary contribution to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNWRA) of 3,750,000 euro annually, as well as 750,000 euro for one of the agency's health projects.


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NO Comment 28th November 2019

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