Minister Pierre Gramegna visits Washington for IMF/WB meetings and promotes the Luxembourg Green Exchange
The Minister of Finance, Mr. Pierre Gramegna, visited Washington from 6 to 8 October to participate in the fall meetings of the IMF and World Bank, in his capacity as Governor of Luxembourg of the two institutions.
Minister Gramegna participated in a roundtable on 8 October dedicated to Green Finance where he highlighted the role that the Luxembourg Stock Exchange plays in the field through its "Luxembourg Green Exchange" platform dedicated to green financial instruments, in particular green bonds. The LGX platform provides an environment where issuers of green securities can market their instruments and publish information relating to the use of proceeds, both at the start and during the lifetime of a security. At the same time, the platform caters to environmentally conscious investors by providing full and unrestricted access to a list of securities that are 100% green.
Minister Gramegna held bilateral meetings with a number of his homologues in the margins of the fall meetings, notably with the Minister of Finance of the United Arab Emirates, Mr. Obaid Humaid Al Tayer, to prepare a bilateral financial mission scheduled for 2017, and with the Ministers of Finance of Singapore and of Liberia. Minister Gramegna, who currently chairs the Board of Governors of the European Bank for Reconstruction and Development (EBRD), had also a working meeting with the Directors of the EBRD, Suma Chakrabarti, and met with Anthony De Lannoy, the new Executive Director of the IMF, and with Mr. Poul Thomson, Director of the IMF's European Department.