In his introductory remarks, the Minister emphasized the catalytic role of the private sector in implementing Luxembourg’s development cooperation strategy, in particular as regards the resources and innovations it can provide to promote inclusive and sustainable economic development.
“BPF supports partnerships between Luxembourg or European companies and actors from developing countries, whether companies, public administrations or civil society organizations, so that together they can establish sustainable and innovative business projects. Projects supported by BPF co-financing help to achieve the goals. “Sustainable development through green and inclusive growth, job creation or technology transfer. Project managers are also committed to demonstrating their commitment to protecting social and environmental rights,” Franz Fayot stressed. “I am also pleased that we took advantage of the launch of the 2022 edition to highlight the opportunities in Senegal, a country with which Luxembourg has strong bonds of friendship and cooperation,” the minister concluded.
The presentation of the 2022 edition was an opportunity to draw attention to a number of new features that were introduced in terms of project eligibility criteria and the promotion of partnership creation. Instead of a tender per year, BPF moves towards a model for two-stage calls for projects: a first with an expiration date in May and a second with a submission date in October. Secondly, the field of eligibility criteria has been extended: all projects that can contribute to achieving the 17 objectives of sustainable development are now eligible. Finally, enhanced support is now offered by Lux-Development, the Luxembourg Development Cooperation Agency, to promote the formation of partnerships: a digital matchmaking platform enables the various actors registering there to present their offerings or their needs and organize bilateral meetings.
Cindy Tereba, Director of International Affairs at the Chamber of Commerce, reiterated the Chamber of Commerce’s support for BPF, before emphasizing the excellent cooperation carried out in this context between the Directorate for Development Cooperation and Humanitarian Aid, Lux-Development, the Ministry of Economy and the Chamber of Commerce, and Luxinnovation, which offers support to Luxembourg companies wishing to carry out a project. After two years of weak economic context due to the COVID-19 pandemic, Cindy Tereba called on Luxembourg companies to take the plunge.
This year, the organizers have chosen to honor Senegal, Luxembourg’s long-standing priority partner country, which is characterized by a dynamic business environment. Thiaba Camara Sy, founding member of the Women’s Investment and the Senegalese Investors Club (CIS), and Jean-François Vassas, president of the Evolv group and member of the Senegal Business Movement, thus presented the business development opportunities in Senegal. The event was also an opportunity for Jean-Marc Boueyrie, CEO of Jway, to share his experience, a company specializing in digitization, which has benefited from the support of BPF.
More information on BPF: BPF is initiated and funded by the Directorate for Development Cooperation and Humanitarian Aid under the Ministry of Foreign and European Affairs and implemented by Lux-Development, the Luxembourg Agency for Development Cooperation, in partnership with the Chamber of Commerce, the Ministry of Economy and Luxinnovation. BPF is a co-financing grant intended to promote partnerships between Luxembourg or European companies and partners (companies, administrations or civil society) based in developing countries. Co-financing can reach up to 50% of the total project budget with a maximum of 200,000 euros. Since its launch in 2016, BPF has supported 34 projects, mainly in Africa.
Companies are encouraged to consult BPF’s website for more information.
Press release from the Ministry of Foreign Affairs and Europe, the Directorate for Development Cooperation and Humanitarian Aid and the Chamber of Commerce