Italy state lender to play rising function in economic system relaunch

December 5, 2018 9:47 AM EST

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ROME (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) could have a rising function within the relaunch of the nation’s progress at a time of accelerating financial slowdown, Economic system Minister Giovanni Tria stated on Wednesday.

Tria stated the CDP ought to “not have any anti-cyclical function, however it should assist Italy’s prospects… additionally within the long-run”.

Talking on the presentation of the CDP’s 2019-2021 marketing strategy presentation, the minister stated the lender had a key function in Italy’s use of European Union funds.

He additionally stated it needed to intervene in strategic sectors equivalent to infrastructure, digital transformation and vitality.

(Reporting by Giuseppe Fonte and Stefano Bernabei, writing by Giulia Segreti)

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