LUX-DEVELOPMENT S.A (LuxDev)
In the field, LuxDev’s work aims to strengthen their partner countries’ ownership of their development, i.e. their ability to exercise effective control over their own policies and development strategies, ensuring effective coordination of the development support provided by all technical and financial partners. Therefore, in each of its interventions, LuxDev seeks to act as a reliable partner and develop the capacities of the actors with whom the Agency cooperates. To this end, LuxDev aims to master and adopt cooperation approaches that are compatible with the principles of international agreements and are in line with the mandates entrusted by the Directorate for Development Cooperation of the Luxembourg Ministry of European and Foreign Affairs.
To this end, LuxDev develops its expertise in the various fields of Luxembourg intervention as well as in the context of different development approaches and modalities. In recent years, the Agency has also acquired analytical and conception skills that enable it to make sound decisions in terms of risks and opportunities.
At international level, LuxDev actively participates in the discussions led by its peers and is actively involved in international networks, particularly in Europe, where its expertise has proven to be useful. The Agency makes use of operational collaboration opportunities, particularly in the context of the EU Code of Conduct on Complementarity and Division of Labour in Development Policy. This is why LuxDev has become a member of major networks such as the Practitioners’ Network and the Learn4Dev network.
Incoming innovations
As outlined in the Inclusive and innovative finance strategy of the Luxembourg Development Cooperation - 2021, the overarching vision of Luxembourg’s Inclusive and Innovative Finance activities is to contribute to the eradication of all forms of poverty, in particular in least developed countries (LDCs).
Luxembourg’s programme on inclusive and innovative finance, in which LuxDev is closely involved, seeks to contribute to the following objectives
- Promoting inclusive and sustainable growth
- Enhancing socio-economic integration of woman and young people
- Improving access to quality basic social services
- Strengthening inclusive governance
The following outcomes are targeted:
- Increased access to responsible agricultural finance, markets and innovative practices for smallholder farmers in an integrated manner
- Improved access to adequate financial and economic opportunities for young people, with a focus on productive activities
- Women have access to resources promoting their economic growth, decision-making, and empowerment
- Micro-, Small and Medium Enterprises (MSMEs) and their Financial Service Providers (FSPs) are resilient to environmental and economic shocks
Open to all regions
