The Chairman of SIMEST (CDP Group), Salvatore Rebecchini, took part today in the 16th “Ethics and Economics” Conference organised in Foligno by Nemetria, a scientific association chaired by Giuseppe De Rita. The event was also attended by the President of the European Parliament, Antonio Tajani, and the Minister for European Affairs and Chairman of the Scientific Committee of Nemetria, Paolo Savona.
The issue addressed by the speakers – who included Vincenzo Boccia, president of Confindustria, Domenico Arcuri, CEO of Invitalia, and Federico Golla, President of Siemens – was “Value Chains, the Backbone of Development”.
In his remarks, Rebecchini underscored how, in a highly integrated world economy, the well-being of a country depends to a substantial extent on the ability of its enterprises to participate in global value chains, exporting or investing abroad. “From this point of view“, said the Chairman of SIMEST, “Italian companies are well positioned, given that in Europe they are second only to German companies”.
Rebecchini then said that for a “transformation” economy such as Italy, the ability to export and manufacture abroad are essential and complementary objectives if the country is to increase its growth rate, productivity and overall welfare. “The CDP Group, acting through SACE and SIMEST, has long supported Italian firms’ strategy of internationalisation with tools aimed at reducing risks and disincentives to exporting and producing,” said Rebecchini, adding that “In the future, in a world that has witnessed the emergence of successful new manufacturing powerhouses such as India and China, the insurance and financial tools provided by the Italian export and internationalisation hub formed of SACE and SIMEST will play an increasingly important role in supporting and promoting “Made in Italy” and “Made with Italy”.
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SIMEST is part of the CDP Group, 76% owned by SACE, with leading Italian banks and trade associations among its other investors. SIMEST and SACE form the export and internationalisation hub of the CDP Group, which offers the entire range of financial instruments to support Italian companies interested in competing and expanding internationally. In particular, SIMEST supports companies throughout their entire international development process, providing soft loans for internationalisation, export credit support and equity investments.