Socio-economic development

Socio-economic development encompasses a range of actions aimed at improving people's living conditions by reducing poverty, creating jobs, and fostering social inclusion. These efforts contribute to key Sustainable Development Goals (SDGs), including SDG 1 (no poverty), SDG 8 (decent work and economic growth) and SDG 10 (reduced inequalities).

Luxembourg Cooperation actively supports interventions in this sector, particularly by promoting multi-stakeholder partnerships, including South-South and triangular cooperation, to drive sustainable and inclusive development.

To achieve this, LuxDev adopts integrated local development approaches, ensuring equitable growth that enables individuals to actively participate in their society and economy.

LuxDev implements targeted initiatives focusing on human capital development, entrepreneurship support, growth of micro, small, and medium-sized enterprises and financial inclusion promotion.

These initiatives aim to create economic opportunities and strengthen the resilience of local communities.

Our primary beneficiaries are vulnerable populations, with a particular focus on young people, women, and marginalised groups. By empowering them, we actively work towards reducing inequalities and promoting truly inclusive economic growth.

Our approach is integrated and participatory, tailored to local contexts. By leveraging innovative methodologies and working in collaboration with governments, local institutions, and the private sector, we develop sustainable and effective solutions that drive long-term impact.