CDP’s mission in Washington for the Annual Meetings of the World Bank and IMF

CDP’s mission in Washington for the Annual Meetings of the World Bank and IMF

International cooperation, the green economy and relations between Italy and the United States the central themes at the meetings of the delegation led by the Chairman Giovanni Gorno Tempini
 

Strengthening cooperation with international financial institutions and public development banks, exploring opportunities for co-investment in Italian cooperation partner countries, and consolidating transatlantic relations. These were the objectives of CDP’s mission led by the Chairman Giovanni Gorno Tempini in Washington from 22 to 25 October, at the Annual Meetings of the World Bank and International Monetary Fund.

The Chairman met representatives from bilateral and multilateral financial institutions, investment banks and think tanks and attended the CDP event “G7 Public Development Banks and Development Finance Institution Coordination Meeting on 2024 Italian Presidency”, at the conference “Mobilizing capital for climate action: how the G7 can lead energy transformation” organised by the Atlantic Council and World Energy Council, and also took part in the presentation of the “Italy-US Tech Business and Investment Matching Initiative” hosted at the Italian Embassy and promoted by, among others, the Ministry of Foreign Affairs and International Cooperation, the Ministry of Enterprises and Made in Italy, the Conference of the Regions and the Autonomous Provinces and the Transatlantic Investment Committee.

The meetings focussed on relations between Italy and the United States and the themes of the green economy, innovation and strategic autonomy; synergies between national and international financial institutions and the private sector for actions targeting food security, the ecological transition and infrastructure, above all benefitting emerging economies, as well as initiatives that can be implemented within the framework of the Mattei Plan for Africa and strategic themes for Italian cooperation, also in view of CDP’s role as manager of the Italian Climate Fund.

“The attitude towards our country is extremely positive and there’s still room for improvement” declared the Chairman Giovanni Gorno Tempini. “We have seen a considerable confidence in Italy and receptiveness at all our meetings. Today, our country is appreciated not only for traditional sectors, which are highly important, but also for areas of the future, such as the aerospace, defence and life science industries. This success is also down to the dynamics of our businesses, as demonstrated by the performance of our exports”.

The mission in Washington follows on from CDP’s Roadshows in the United States last year, dedicated to consolidating relations with leading international funds, promoting investment opportunities in Italy and developing the venture capital market. Over the last few years, CDP has consolidated its relations with the United States, also thanks to two bond issues in dollars (Yankee Bonds) for a total of 2.5 billion. Since 2021, loans with US counterparties have also been stipulated for over 535 million euros, in addition to 800 million disbursed to businesses by SIMEST, through equity loans, subsidised funding and other instruments supporting exports.