Italy Plans $2 2 Billion Fund to Support Key Supply Chains usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Giuseppe Fonte and Angelo Amante ROME (Reuters) - Italy plans to set up a fund with at least 2 billion euros ($2.2 billion) at its disposal to bols.
Italy plans $2 2 bln fund to support key supply chains reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Italy plans to set up a fund with at least 2 billion euros ($2.2 billion) at its disposal to bolster strategically important supply chains, a draft bill seen by Reuters showed. The "Made in Italy" fund will have an initial endowment of 700 million euros in 2023 and an additional 300 million next year in state cash. Separate sources have previously told Reuters that Prime Minister Giorgia Meloni is courting sovereign wealth funds from Saudi Arabia, Qatar, the United Arab Emirates, Azerbaijan and Norway to add to the fund's firepower.
The world already faces a daunting challenge to produce the metals and minerals critical to reaching climate goals. Which makes reports out of China quite concerning.