Press release

Cassa Depositi Institutions of Italy, France, Morocco, Tunisia and 7 Other African Countries Work Together for Greener Economy

Hosted by Cassa depositi e prestiti, the "Declaration of Rome" was signed at the IV Forum des Caisses de Dépôt to support energy and ecological transition.

Hosted by Cassa depositi e prestiti, the "Declaration of Rome" was signed at the IV Forum des Caisses de Dépôt to support energy and ecological transition. The joint statement is an occasion to build a virtual bridge between Africa and Europe in the name
of dialogue, cooperation, and sustainable economic development 

 

Rome 22 September, 2017 

Italy’s Cassa depositi e prestiti (CDP),  together with France’s Caisse des Dépôts et Consignations (CDC), Morocco’s Caisse de Dépôt et de Gestion (CDG), Tunisia’s Caisse des Dépôts et Consignations (CDC)  and 7 similar institutions from French-speaking African countries (Benin, Burkina Faso, Ivory Coast, Gabon, Mauritania, Senegal, Chad) during the IV Forum des Caisses de Dépôt held in Rome agreed to work together to support the promotion of a green and low-carbon economy to promote energy and ecological transition.

Organized on a biannual basis, the Forum is a platform for the exchange of ideas and dialogue between financial institutions whose activities are devoted to the collection, management and use of savings or other forms of public investment resources in support of economic and social development of their respective countries. The Forum’s General Secretariat consists of the Italian, French, Moroccan, and Tunisian financial institutions.

During the event participants signed a Joint Declaration under the initiative of the CDP Forum Presidency, in the presence of Italian Economy and Finance Minister Pier Carlo Padoan, CDP Chairman Claudio Costamagna, CDP Chief Executive Officer Fabio Gallia, Environment Minister Luca Galletti, and Deputy Minister of Foreign Affairs and International Cooperation Mario Giro.

With the “Declaration of Rome,” Forum members felt it necessary to accelerate the promotion for a greener economy. Indeed, the economic model of Caisses de Dépôt, which is based on the transformation of short-term deposits into long-term investments, must by its very nature adopt sustainability criteria in carrying out its business.

The Declaration is the first concrete result obtained since the establishment of the Forum in favor of the growing integration of its members.

This edition of the Forum des Caisses de Dépôt was the occasion to build a virtual bridge between Africa and Europe in the name of dialogue, cooperation, and economic development. The event has contributed to reinforcing the aim of the institutions involved in strengthening cooperation and economic relations between Africa and Europe. Assessments include the common will to support sustainable and inclusive development that embraces both sides of the Mediterranean.

Three key issues covered during the event were: micro, small and medium-sized enterprises, infrastructure, and urban development. All discussions were characterized by the attention given to the role the Caisses de Dépôt can play in creating new markets, catalyzing private sector initiatives, and promoting economic growth based on innovation and creativity.

Particular focus was given to actions the Caisses de Dépôt can take by contributing to efforts to reduce polluting emissions via the implementation of the Intended Nationally Determined Contributions (INDC) signed by the governments of their respective countries within the COP21 of Paris.

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