Italy's publicly owned Cassa
Depositi e Prestiti (CDP SpA) bank said Thursday it is
increasing investment in export firms by 130%, from 6.5 to 15
billion euros.
The measure was contained in the 2014 budget law and
provides for all kinds of financing to support Italian exports,
the CDP said in a statement.
The CDP is authorized to seek co-financing from banks in
other countries as well as the European Investment Bank (EIB),
the European Bank for Reconstruction and Development (EBRD), and
the World Bank.
"The instruments made possible by the new norms allow the
CDP to multiply its efforts in support of exports and the
internationalization of Italian companies," said CDP CEO
Giovanni Gorno Tempini.
"This is the field in which the chances for Italy's
economic recovery lie".
ALL RIGHTS RESERVED © Copyright ANSA
