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LuxDev and the State sign a new agreement
On Wednesday 5 June 2024, LuxDev signed a new agreement with the Minister for Cooperation and Humanitarian Affairs, Xavier BETTEL. It replaces the agreement in force until now, which dates from 2017.
This agreement defines the relations between LuxDev, as the Luxembourg Development Cooperation Agency, and the State of the Grand Duchy of Luxembourg. It covers, among other things, the division of responsibilities, cooperation arrangements and financial procedures.
Last year, LuxDev implemented 126 cooperation projects and programmes on behalf of the State, in 17 developing countries in Africa, Asia and Latin America. The new agreement will ensure that the Agency is ready to meet future challenges in an increasingly complex international context
Another important new feature of the agreement is that government bodies other than the Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade (MFA) that commission LuxDev to implement projects will also cont
ribute to the Agency's operating costs. Until now, these costs have been entirely covered by the MFA, the Agency's main donor. This new measure is intended to reflect the Agency's now more diversified portfolio, particularly in the fields of the environment and the fight against climate change, digital development, innovative finance and cooperation with the private sector.
The Deputy Prime Minister, Minister for Cooperation and Humanitarian Affairs, Xavier BETTEL, the Chairman of the Board of Directors of LuxDev, Nima AHMADZADEH, and the Director General of LuxDev, Manuel TONNAR, have signed a new agreement between the State of the Grand Duchy of Luxembourg and LuxDev.
© MFA
