Cassa Depositi e Prestiti takes to the field for the G7 led by Italy, presenting a declaration of intent aimed at strengthening the investments common for the climate, security feed and infrastructure. The “G7 Development Finance High-Level Dialogue” event, promoted by Cdp, brought together the leaders of the development financial institutions of the G7 member countries, together with the European Investment Bank and the main African national and multilateral development banks, as well as international financial organizations such as FAO and IFAD.
Future initiatives
This meeting, underlines a note, was crucial for discussion and planning futures initiatives financing on issues crucial to the sustainable development of the planet, such as climate change, food security, infrastructure, health, gender equality and artificial intelligence.
Topics - continues the note - on which, at the end of the work, the national promotion institutions of the member countries and the EIB publicly committed to adopting common strategies through a declaration of intent addressed to the Italian presidency of the G7. The initiatives discussed will also be aimed at emerging economies, with particular attention toAfrica, in line with the Mattei plan.
Le proposals included in the declaration derive from a coordination process between the development financial institutions of the G7 member countries, led by Cdp. The objective is to promote concrete initiatives and projects in support of the Italian Presidency of the G7. This document represents a first step towards the summit scheduled for June in Puglia, followed by the formulation of detailed projects in view of the development ministerial meeting scheduled for October.
Comments
“Bilateral and multilateral financial institutions play a fundamental role in long-term sustainable development. Climate change, food and energy security, the growth of businesses and strategic supply chains are crucial challenges for which a shared and participatory response from the G7 members is essential. This opportunity for dialogue has allowed us to consolidate collaboration on these issues between some of the main global financial companies and expand it to new areas", declared the president of CDP, Giovanni Gorno Tempini.
“The Declaration of Intent signed by CDP with the financial institutions of the G7 countries reflects our involvement in supporting the initiatives promoted by the Italian Presidency – added the CEO of CDP Dario Scannapieco -. Increasingly solid partnerships and the entry of new players, such as the national and multilateral banks of the African continent, will make it possible to carry out projects that can have a growing impact from an economic, environmental and social point of view, in line with what is outlined in the Mattei Plan and the 2030 Sustainable Development Agenda”.
