Lux-Development

Lux-Development S.A., better known as LuxDev, is the aid and development agency of the government of Luxembourg. It was created in 1978 as an agency to support small and medium enterprises in Luxembourg and only became an agency for development cooperation in 1992. Now, LuxDev is a société anonyme (S.A.) whereby their stockholders are the state of Luxembourg (98%) and the state-owned bank Société Nationale de Crédit et d&s;Investissement (2%). LuxDev is headquartered next to the Place des Martyrs in Luxembourg City, but it has regional offices in Hanoi (Vietnam), Pristina (Kosovo), Dakar (Senegal), Praia (Cape Verde), Ouagadougou (Burkina Faso) and Managua (Nicaragua).