The European Long-Term Investors Association (which brings together the 31 European National Promotional Banks and Institutions) met today in Prague to discuss the first initiatives under the new strategy.
One of the objectives is to strengthen the Association's presence in Europe and reaffirm the crucial role that NPBIs can play in serving European institutions.
Representatives of the European Long-Term Investors Association (ELTI) gathered in Prague for the 11th ELTI General Assembly, hosted by the National Development Bank of the Czech Republic (NRB) and chaired for the first time by President Dario Scannapieco, Chief Executive Officer of Cassa Depositi e Prestiti.
The General Assembly of the Association of European NBPIs was a key moment to discuss the first initiatives to implement the new strategy, which aims to strengthen ELTI's presence in Europe and to reaffirm the importance of NPBIs (National Promotional Banks and Institutions) by favouring long-term investments.
The event, which was attended by representatives of the 31 ELTI members, was an opportunity to share and discuss best practices of cooperation between NPBIs, identifying shared solutions and tools to address upcoming strategically significant challenges facing the European Union. The participants also reflected on how to promote the inclusiveness of the Association by encouraging its expansion to new members, with the aim of making ELTI increasingly the expression of the voice of all EU countries and a more effective instrument at the service of the European institutions.
At the end of the two-day event, a new initiative for the Association was proposed: the creation of a discussion group comprising the chief economists of ELTI members with the aim of identifying the new challenges posed by the current European macroeconomic and geopolitical environment and developing joint solutions to be presented to the European institutions.