D20- LTIC & Finance in Common Summit On the occasion of the Italian G20 Presidency
Enrico Petrocelli, Head of International Institutional Relations, Cassa Depositi e Presti
Cassa Depositi e Prestiti Investing in Tomorrow 2021 International events hosted by Italy
Youth4Climate: Driving Ambition” Special event for young people 28-30 September, Milan
PreCop26 Summit Preparatory Meeting 30 September-2 October, Milan
This year Italy chairs the Group of Twenty for the first time since its inception. The COP26 led by UK in co-partnership with Italy will provide the The three keywords embody the overarching opportunity to reinforce a joint commitment in support of common priorities of the Italian G20 Presidency and these actions for climate and sustainable development are People, Planet and Prosperity
2 D20-Long Term Investors Club D20- Long Term Investors Club (D20-LTIC) What is the D20-LTIC?
• Club that brings together 21 financial institutions and institutional investors from 4 continents
• Founding Members: Cassa Depositi e Prestiti (CDP), Caisse des dépôts et consignations (CDC, France), Kreditanstalt für Wiederaufbau (KfW, Germany), European Investments Bank (EIB)
• Created to meet the demand for long-term investments in infrastructure (transport, TLC, energy and urbanization), innovation and environment in advanced and developing countries
4 D20- Long Term Investors Club (D20-LTIC) Club objectives
• Improve the conditions for long-term investments for growth
• Formulate policy recommendations addressed to international public institutions (G20)
• Encourage the exchange of best practices and strengthen cooperation among Club members
5 D20-LTIC & G20
1 The Club's Agenda has progressively aligned itself with that of the G20 In 2019, LTIC was renamed «D20 Long-Term Investors Club» (D20-LTIC). The "D" of "D20" refers to the Development Banks that make up the Club. Although not formally an Engagement Group, coordination between D20-LTIC and the rotating presidencies of the G20 has grown in recent years
2 Policy recommendations of the D20-LTIC for the G20 Finance The D20-LTIC Steering Committee meets in the country that holds the G20 Presidency and adopts a Joint Statement which is presented as a contribution to the G20 Finance Ministerial
3 In 2021 CDP will host the D20-LTIC Steering Committee on the occasion of the Italian Presidency of the G20 The activities of the D20-LTIC have been included in the official program of the Italian Presidency of the G20
6 Interno – Internal Membri del D20-LTIC e Membri del G20
Polski Fundusz Rozwoju (PFR) Vnesheconmbank (Veb) Kreditanstalt für Wiederaufbau (KfW) Banca Europea per gli Investimenti (BEI) Cassa Depositi e Prestiti (CDP) Caisse des dépôts et Ontario Municipal Employees consignations (CDC) Japan Bank for International Retirement System (OMERS) Long-Term Infrastructure Cooperation (JBIC) Caisse de Depôt et Placement Investors Association (LTIIA) Development Bank of Japan du Québec (CDPQ) (DBJ) Instituto de Crédito Oficial (ICO) Global Infrastructure China Development Caisse de Depôt et Bank (CDB) BANCOMEXT de gestion (CDG) Basel (GIB) Saudi Industrial Development Fund (SIDF) Türkiye Sinai Kalkınma Paesi membri del D20-LTIC e del G20 Bankası (TSKB) Paesi membri solo del G20 Paesi membri solo del D20-LTIC Banco Nacional de Desenvolvimento Econômico e Social (BNDES) Latin American Association of Development Financing Institutions (ALIDE)
Banco de Inversión y Comercio Exterior (BICE)
D20-LTIC members: 18 national institutions + 3 international entities [European Investment Bank (EIB), Long-Term Infrastructure Investors Association 7 (LTIIA) and Latin American Association of Development Financing Institutions (ALIDE)] D20-LTIC 2021 Program
JUNE SEPTEMBER SEPTEMBER 03 23 24
High Level D20 - LTIC Sherpa & High Level International Steering Committee International Conference Meetings Conference “G20 Infrastructure Sherpa Committee (only In progress - in collaboration Investors Dialogue: D20-LTIC members) with other G20 Engagement Groups, and the possible Financing Sustainable Steering Committee (only sponsorship of the G20 Infrastructure for the D20-LTIC members) Presidency Recovery” organised by the Italian G20 Gala Dinner (D20-LTIC Presidency in members and other collaboration with OECD international guests) and D20-LTIC VIRTUAL PHYSICAL PHYSICAL EVENT EVENT EVENT
8 Finance in Common Summit Finance in Common Summit (FiCS)
▪ Finance in Common is the global Summit of the world’s Public Development Banks (PDBs) promoted by the World Federation of Development Finance Institutions (WFDFI) and the International Development Finance Club (IDFC). It aims at fostering cooperation and reconciling the finance community in support of common action to reach the Sustainable Development Goals (SDGs) and implement the Paris Agreement on Climate Change
What is ▪ The first ever edition of the Finance in Common Summit was held in Paris on 12 November 2020 convened by the Agence FiCS? française de développement (AFD) under the high patronage of the French President Emmanuel Macron and with the participation of the Secretary General of the United Nations Antonio Guterres
▪ The Finance in Common Summit is an initiative of the World Federation of Development Finance Institutions (WFDFI) and the International Development Finance Club (IDFC), with the support of Multilateral Development Banks, all regional associations of Public Development Banks (ALIDE, AADFI, ADFIAP, ADFIMI, ELTI, EAPB, EDFI) and relevant international institutions (UNDP, UNEP, OECD and the European Commission)
Main Partners 2021 FiCS-related international initiatives
Regional Associations of Public Development Banks International Partner
10 The second edition of the FiCS in Italy
▪ Building upon the positive results of the first edition of the Finance in Common Summit (FiCS), it was decided to step up the action begun by the main partners of the 2020 edition creating a direct link to the G20 framework and hosting future editions of the FiCS in the country which holds the G20 Presidency
▪ In the context of the activities of the Italian G20 Presidency, the FiCS Secretariat proposed to Cassa Depositi e Presiti to host the second edition of the Summit in Italy in partnership with IFAD and with the support from all the members of the Finance in Common Coalition.This proposal was well welcomed by CDP that - in conjonction with the G20 Italian Presidency, - accepted to be the Host Institution of the 2021 Summit’s edition which will be held in Rome in Autumn 2021
▪ The 2021 Finance in Common Summit will notably focus on the contribution of public banks to the transformation of agriculture and agribusiness for food security, adaptation to climate change and biodiversity preservation
▪ Hosting 2021 FiCS in Italy offers a unique opportunity to strengthen FiCS coordination not only with the G20, but also the forthcoming UN Food Systems Summit - and its pre-Summit hosted by FAO next July in Rome, the G20 initiatives on Food and Agriculture, the COP 26 and other international fora of interest that have a crucial role in setting the path for the future of global economic recovery
11 GrazieThank you Gracias
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