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Cassa depositi e prestiti (CDP), in conjunction with the Italian Ministry of Economy and Finance, hosted IDB Invest in Rome today in a meeting to formally launch the co-financing agreement between CDP and IDB Invest. The agreement seeks to identify and ultimately provide financing for new business opportunities for Italian companies in Latin America and the Caribbean.
The event was attended by Italian Deputy Minister of Economy and Finance Luigi Casero, IDB Invest Chief Executive Officer James Scriven, and chief executive officers from CDP Group companies. IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group which rebranded itself on November 3rd, is the ideal bridge to connect companies interested in investing in the region.
Today’s event follows the signing of a co-financing agreement between CDP and IDB Invest, which took place on October 13th at the Annual Meetings of the World Bank and the International Monetary Fund in Washington, DC.
The collaboration between CDP and IDB Invest reflects CDP’s commitment to supporting the internationalization of Italian companies, a goal which aligns with CDP’s latest business plan.
Through its activity working with CDP Group companies SACE and SIMEST, CDP has already created an Italian export and internationalization hub, opening doors for companies looking to expand outside Italy’s borders.
This partnership underscores IDB Invest’s interest in attracting investment to the region that will strengthen competitiveness, productivity and job creation, and ultimately contribute to sustainable growth. Cooperation between CDP and IDB Invest is a step forward in achieving the two institutions’ joint goals.