Inclusive finance, Private sector, Digital4Development

By capitalising on Luxembourg’s expertise as world leader in finance and by adopting integrated local development approaches, Luxembourg's Development Cooperation aims, in the long term, to eradicate poverty and implement the sustainable development goals (SDGs) through inclusive and innovative finance.

Since the 2015 Addis Ababa Action Agenda on Financing for Development, it has been widely recognised that it is essential to mobilise the private sector in order to help implement the sustainable development goals (SDGs) globally.

In 2023 Luxembourg's Development Cooperation continued its commitment to mobilising more partnerships, adopting innovative approaches and taking advantage of innovative instruments in areas where Luxembourg has expertise at national level, in particular in the financial services sector, information and communication technologies (ICT) and cybersecurity.

In 2023, the Directorate for Development Cooperation and Humanitarian Affairs continued its efforts to find specific areas for its collaboration with the research ecosystem in Luxembourg through collaborations and joint projects.

Collaboration with stakeholders in the space sector is another important aspect where Luxembourg’s expertise is used for development.