Following the legislative elections of 14 October 2018, Pierre Gramegna was re-appointed Minister of Finance on 5 December 2018 in the coalition government formed by the Democratic Party (DP), the Luxembourg Socialist Workers’ Party (LSAP) and the Green Party (déi gréng).
As Minister of Finance, Pierre Gramegna has initiated major reforms to balance the budget and to align Luxembourg’s tax rules with international transparency standards. He is a promoter of the diversification of Luxembourg’s financial center, in particular with regard to FinTech and sustainable finance.
A career diplomat, he joined the Ministry of Foreign Affairs in 1983. In 2003, Pierre Gramegna took up the position of director general of the Chamber of Commerce. Pierre Gramegna pursued studies in law and economics at the Université Panthéon-Assas (Paris II) and completed his post-university education with a postgraduate diploma of advanced studies in European Union law.