To keep cash flow ticking over for Italy’s local authorities – that is objective of the partnership between Cassa Depositi e Prestiti and Poste Italiane, now renewed by an addendum agreement extending the Treasury Management Loan Convention. The accord serves to expand the programme to municipalities with a population of up to 100,000 inhabitants and to provinces and metropolitan cities of up to one million people, whereas previously only municipalities with a population of less than 15,000 were covered.
The Treasury Management Loan Programme was first started up in 2018 under the partnership between CDP and Poste Italiane. The programme initially targeted municipalities of less than 5,000 people, a threshold then raised to 15,000 in 2022. Now around 8,000 local authorities will be served by the programme, covering almost all of the country’s municipalities and provinces.
The newly signed addendum sets out the framework for the joint CDP–Poste initiative, implementing the resolution adopted by the Cassa Depositi e Prestiti Board of Directors in October 2023.
Local authorities eligible for the programme can contact Poste Italiane or Cassa Depositi e Prestiti directly for information on the treasury management service.