Recovery: Gorno, CDP will promote collaboration with EU partners

To facilitate the implementation of the Recovery Plan, "Cassa Depositi e Prestiti will promote collaborations between European and national stakeholders, including other public development banks".

The president of Cassa Depositi e Prestiti Giovanni Gorno Tempini said this when opening the 'Finance in Common' summit, stating that "the future holds many challenges which, today as never before, require collaboration in order to be overcome. Public development banks should unite. and collaborate with all stakeholders towards a greener and more equitable development model ".

Opening the proceedings of the Summit which brings together today and tomorrow the representatives of the main European public development banks, the president of CDP noted that the pandemic and the consequent socio-economic crisis have produced profound and lasting impacts on a global level, "amplifying the vulnerability and inequalities and highlighting the urgent need to

reconsider our development models ". And in light of this, he recalled that the Public Development Banks have been very active in the most difficult phase of the crisis in support of the economy, providing counter-cyclical investments that have made it possible to achieve short-term objectives and lay the foundations for the subsequent recovery. .

"Now that the global macroeconomic outlook finally turns positive, with most countries set to reach pre-Covid-19 GDP levels in 2022, there is a need to lay the foundations for more balanced, equitable and sustainable "was his recommendation.

Operating in over 150 countries and handling 10% of world investments, the more than 500 public development banks present at

national, regional, international and multilateral level "are - he said - in a unique position to achieve this goal". Gorno then underlined that in Europe, in particular, the public development banks "will be called to be partners for the implementation of the Next Generation EU plan, an opportunity not to be missed".

In collaboration with:

Cassa Depositi e Prestiti