ICYMI – Italy will set up a EUR1bn sovereign fund

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ICYMI – Italy will set up a EUR1bn sovereign fund

Italian Premier Giorgia Meloni has confirmed the country will set up a €1 billion sovereign fund to channel funding to companies it deems strategic an

Italian Premier Giorgia Meloni has confirmed the country will set up a €1 billion sovereign fund

  • to channel funding to companies it deems strategic and to bolster domestic production and secure key supply chains
  • fund will “stimulate the growth and consolidation of national strategic supply chains, also for the procurement of critical raw materials”
  • was approved during a cabinet meeting Wednesday, will require parliamentary approval and might change

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