Cassa Depositi e Prestiti Partners with IsDB for Sustainable Development
Deal News | Feb 13, 2025 | Cassa Depositi e Prestiti SpA
Cassa Depositi e Prestiti (CDP), Italy's Development Finance Institution, and the Islamic Development Bank Group (IsDB Group), have signed a Memorandum of Understanding (MoU) in a groundbreaking cooperation initiative. The agreement, signed in Rome, sets a strategic framework for collaboration in international development finance, targeting projects with high economic, social, and environmental impact in emerging markets, especially in Africa, in line with Italy's Mattei Plan. The partnership focuses on knowledge-sharing, co-financing, and co-investment in sectors such as environmental sustainability, energy, food security, and infrastructure, promoting Italian businesses' engagement in IsDB member countries. This initiative follows agreements by CDP during the Italian Government's official mission to Saudi Arabia.
Sectors
- Development Finance
- Sustainability
Geography
- Italy – Cassa Depositi e Prestiti (CDP) is Italy's Development Finance Institution, leading the initiative.
- Africa – The partnership aims to focus on development finance projects particularly in Africa, in line with Italy's Mattei Plan.
- Central and Southeastern Asia – Regions identified as key areas for the development cooperation efforts of the partnership.
- Saudi Arabia – The MoU was initiated during a side event in Riyadh and following agreements in the Italian Government's mission to Saudi Arabia.
Industry
- Development Finance – The agreement focuses on international development finance initiatives, aiming at projects with economic, social, and environmental impacts.
- Sustainability – The partnership aims to support projects in climate and environmental sustainability, energy access, and sustainable infrastructure.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cassa Depositi e Prestiti SpA | Development Finance Institution | Company | Italy's Development Finance Institution engaging in international cooperation for sustainable development. |
| Islamic Development Bank Group | Development Finance Institution | Company | A multilateral development bank focusing on finance in its member countries for social and economic development. |
| Dario Scannapieco | CEO of CDP | Person | Chief Executive Officer of Cassa Depositi e Prestiti overseeing international collaborations. |
| Dr. Muhammad Al Jasser | Chairman of the IsDB Group | Person | Chairman of the Islamic Development Bank Group, promoting partnerships for sustainable development. |
| Italian Government | Initial Facilitator | Government | Facilitator of the partnerships through the Mattei Plan and official missions. |