Article published on our member’s LHoFT website HERE.
A high-level Luxembourg delegation led by the Luxembourg House of Financial Technology (LHoFT) participated in the XI Central American and Caribbean Microfinance Conference from June 25-27, 2025, reinforcing the Grand Duchy’s commitment to sustainable finance partnerships across Latin America and the Caribbean.
The delegation included representatives from the Ministry of Foreign and European Affairs, Defence, Development Cooperation and Foreign Trade, Directorate of Development Cooperation and Humanitarian Affairs, LuxDev, ADA (Luxembourg Development Cooperation Agency), and SPTF, with InFiNe supporting the coordination of Luxembourg’s collective presence and co-managing the exhibition booth with LHoFT.
Luxembourg has established Costa Rica as a regional cooperation hub following bilateral agreements signed in 2023 and the opening of an embassy in San José. With a €75 million commitment (2022-2026), Luxembourg supports Central American development through three priority areas: socio-economic integration of women and youth, climate resilience, and social cohesion, with cross-cutting themes of inclusive finance and digital development.
“Luxembourg has a long-standing presence in inclusive finance across Central America and the Caribbean,”
said Francesca Randazzo, Expert in Sustainable and Innovative Finance at LuxDev.
“Our goal is to build on that legacy by supporting innovation that addresses today’s complex challenges, from climate change to migration and financial access.”
This cooperation has been strengthened through Luxembourg’s organizations like the Inclusive Finance Network Luxembourg, fostering affordable financial services for all by bringing together public, private and civil society actors involved in inclusive finance in the Grand-Duchy. This aligns with Luxembourg’s broader development strategy, leveraging the country’s unique position in both financial services and development cooperation.
The collaboration between Luxembourg and Latin America has produced concrete results in sustainable finance. The Financing Innovation Tool (FIT), developed through Luxembourg’s public-private partnership model, exemplifies this approach.
“We have very smooth collaboration in Luxembourg between public entities and others in the associative and private sectors, which enables us to create innovative solutions such as FIT,”
explained Bénédicte Godefroid, Director of Programmes at ADA.
These partnerships address pressing regional challenges including climate resilience, economic volatility, and the financial inclusion gap that affects millions across Latin America and the Caribbean. Luxembourg’s financial sector expertise, combined with its development cooperation experience, offers unique value to regional partners seeking sustainable financing solutions.
The Luxembourg delegation’s participation culminated in a panel discussion: “Luxembourg at the Heart of Inclusive Finance: Progress, Action, Impact”, moderated by Luca Mancuso, Ecosystem Manager at LHoFT. The session showcased Luxembourg’s integrated approach to development cooperation, bringing together government agencies, development organizations, and private sector partners.
The panel provided a platform for Luxembourg representatives to share their experiences in supporting regional microfinance networks and discuss future collaboration opportunities. Participants emphasized how Luxembourg’s collaborative ecosystem enables rapid deployment of innovative financial solutions.
The discussion highlighted ongoing initiatives and partnerships that have strengthened financial inclusion across the region, demonstrating the effectiveness of Luxembourg’s multi-stakeholder approach to international development.
The partnership between Luxembourg and Costa Rica was recently reinforced at the XI Central American and Caribbean Microfinance Conference in June 2025, which served as the platform for launching Catapult: Inclusion Latam, LHoFT’s new acceleration program designed to support fintech startups delivering affordable, sustainable financial services across Latin America and the Caribbean.
“This program is about more than just startups, it’s about scaling solutions that empower the underserved, bridge financial gaps, and build resilience in communities too often left behind,”
said Annabelle Albert, Head of Acceleration Programs at LHoFT, during the program announcement. The acceleration program represents a new chapter in Luxembourg’s engagement with Latin American fintech ecosystems, focusing on startups with high-potential solutions for inclusive finance.
Catapult: Inclusion Latam will prioritize scalability, sustainability, and regional integration, connecting promising startups with Luxembourg’s financial expertise and development networks. The initiative underscores Luxembourg’s ongoing commitment to advancing financial inclusion in the region through innovation and strategic partnerships, seeking to accelerate the implementation of inclusive financial solutions by connecting innovation with impact.
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InFiNe is the Luxembourg platform that brings together public, private and civil society actors involved in inclusive finance. The value of InFiNe lies in the wide range of expertise characterised by the diversity of its members.
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