We help who is close to us, without forgetting who is far away
Promoting sustainable growth in developing countries, by offering a wide range of financial products to public and private entities. By leveraging CDP Group’s expertise, we manage public funds and promote investment and financing activities in emerging markets and developing countries.
To achieve our goals, we follow two main strategic guidelines:
Support to public entities
• We grant funding to governments and entities, by employing public funds or combining our own assets with third parties’ resources.
• We support Multilateral and International Financial Institutions through direct financing or co-financing with them specific investment programs in Target Countries.
Support to the private sector
• We provide medium and long term financing facilities at the market rate to companies that operate in developing countries consistently with the Italian cooperation strategy.
• We finance thematic projects by combining our resources with European funds and with resources from International and Multilateral Financial Institutions.
The role of CDP in the Cooperation System
CDP as the Financial Institution for Development Cooperation
The new general framework on international development cooperation (law n.125 / 2014), defines cooperation as an essential part of the Italian foreign policy and appoints CDP as the Italian Financial Institution for Development Cooperation with the faculty to operate in all Developing countries.
From the 1st of January 2016, CDP can manage public funds, such as the Revolving Fund for Development Cooperation, finance public and private entities in developing countries using its own resources or in combination with resources from the European Commission or other donors, and invest in funds or funds of funds supporting the socio-economic growth of the Italian Cooperation’s Target countries.
Our mission and our projects aim at contributing to the achievement of the 17 Sustainable Development Goals and to the creation of sustainable projects on a global scale, in line with clear thematic priorities, such as growth and employment, innovation, environment and climate change, immigration and gender equality.
Italian Governance Cooperation
CDP contributes to the achievement of the national Development Cooperation objectives established by the Three-Year Programming Document, working together with the other main players in the Italian Cooperation: The Ministry of Foreign Affairs and International Cooperation (MAECI), the Italian Agency for Development Cooperation (AICS) and the Ministry of Economy and Finance (MEF).
The governance is designed to guarantee the maximum level of inter-institutional coordination, accountability and transparency, and a closer involvement of public and private players in development activities.
CDP can operate in all 143 OECD-DAC countries, among which 22 identified as priority countries by the Italian Development Cooperation strategy. Our partner countries include the "Least Developed Countries", defined by the UN as countries with the lowest levels of socio-economic development in the world, and the so-called emerging economies, those countries that have not yet reached sufficient levels of economic growth.
Each of our partner country requires a different approach (tailor-made), for this reason we promote development projects that offer solutions tailored to the context and needs of each country.
We support the socio-economic development of partner countries by developing our projects on specific thematic priorities that we believe to be essential for a fair and sustainable growth, such as employment and innovation, immigration, gender equality, environmental protection and climate change.
We promote projects that mostly contribute to the achievement of these priorities, focusing on the following key sectors:
We believe, that in order to enhance the economic and social growth of developing countries, there is an essential need for a financial support in favour of projects initiated by private parties and of the growth of the local industry.
Our Development Finance operations complement our commitment to the International Development Cooperation, supporting Large, Mid and SMEs companies active in developing countries with the following debt, equity and guarantee instruments:
• Project finance
• Corporate lending
• Structured finance
• Loans to financial intermediaries
Through Development Financing, CDP can expand its scope if action and act as a catalyst for investments in the private sector, in co-financing with Multilateral Institutions, other International Development Banks and private investors.
For sovereign and multilateral institutions
We provide financing to governments of our partner countries, combining our own resources with public resources of the Revolving Fund for Development Cooperation, or with resources from the European Commission, Ministries or other donors.
We collaborate with Multilateral Development Banks (MDBs), co-financing thematic projects of mutual interest or financing directly the MDBs, who in turn use the resources for new Development projects.
Revolving Fund for Development Cooperation
The Revolving Fund for Development Cooperation, established by art. 26 Law 227/77, is one of the main financial tools utilized by the Italian Government to finance its bilateral development cooperation projects and programs with developing and emerging Countries according to the provisions of Law 125/14.
In this framework, CDP manages the Fund (roughly 5 billion euros of total assets) under the directives of the Italian Competent Authorities. We are responsible for all activities relating to the administrative, financial and accounting management of the loans, such as the negotiation and signature of the financial agreements with beneficiary countries, the disbursement of the funds as well as the monitoring of the related repayment including the related treatments in multilateral and bilateral framework.
We believe that a successful achievement of the UN’s Sustainable Development Goals will be possible only through a joint and coordinated action among the major public and private actors involved in development.
For this reason, we invest resources and energies to build solid partnerships with parties that share our values and goals.
• Italian Institutions
- Ministry of Foreign Affairs and International Cooperation (MAECI)
- Italian Agency for Development Cooperation (AICS)
- Ministry of Economy and Finance (MEF)
- Ministry of the Environment and Protection of the Land and Sea (MATTM)
• European Institutions
- European Commission
- Spanish Agency for International Development Cooperation (AECID)
- French Development Agency (AFD)
- European Bank for Reconstruction and Development (EBRD)
- European Investment Bank (EIB)
- German Development Bank (KFW)
• International Institutions
- African Development Bank (AfDB)
- World Bank (WB)
- Development Bank of Latin America (CAF)
- Caribbean Development Bank (CDB)
- International Fund for Agricultural Development (IFAD)
- Green Climate Fund (GCF)
- International Finance Corporation (IFC)
- Inter-American Development Bank Group (IDB)
- International Development Financial Club (IDFC)