Luxembourg’s development cooperation and its partners
As a strong supporter of multilateralism, the Grand Duchy of Luxembourg’s commitment to multilateral organisations remains one of the mainstays of Luxembourg’s Development Cooperation when acting at international level. Through the Luxembourg Development Cooperation Strategy, entitled ‘On the road to 2030’, the 2030 Agenda and the 17 Sustainable Development Goals (SDGs) adopted by the United Nations are at the heart of Luxembourg’s Development Cooperation’s commitment.
NGOs represent a complementary channel for bilateral aid, enabling Luxembourg to be active in countries and sectors where the Ministry does not intervene. Luxembourg’s Development Cooperation thus contributes to strengthening the role of development NGOs as the spokesperson for the most vulnerable and to promoting inclusive governance, accountability and respect for human rights. In this context, it is worth remembering that NGOs are partners of Luxembourg’s Development Cooperation in the fight against poverty and social inequality, and are not government officials.
INCLUSIVE FINANCE AND PRIVATE SECTOR
For more than twenty-five years, Luxembourg’s Development Cooperation has been actively supporting the development of microfinance and inclusive finance to reduce global poverty, using the expertise and potential of Luxembourg’s financial market to promote economic development, inclusive growth and the socio-economic inclusion of women and youth.