Security, in all its various ramifications – political, economic and financial –will be the focus of the annual conference of senior officials of the foreign ministry and the Bank of Italy dedicated to collaboration, particularly at the level of financial attachés working within the diplomatic and consular network.
The challenges to global and European economic governance
This morning’s sessions were opened by Secretary General of the Ministry of Foreign Affairs Michele Valensise and Governor General of the Bank of Italy Fabrizio Saccomanni, and concentrated on the challenges of global economic and European governance, as well as European security and defence policy. The day’s conclusions will be drawn this afternoon by head of the central bank’s International Studies and Relations Giorgio Gomel and Undersecretary for Foreign Affairs Marta Dassù.
A Manual for the Italian economy
The fourth issue was presented of the “Prontuario dell’economia italiana” (manual for the Italian economy), produced by the foreign ministry and the central bank in collaboration with the Ministry of the Economy and the national statistics institute (ISTAT). The initiative was launched one year ago within the framework of the “diplomacy for growth” project generated by Minister Terzi in the interests of providing support for the internationalisation of the Italian productive system abroad. The manual has been especially effective in informing potential foreign investors about interventions already carried out on behalf of Italian financial recovery and the regeneration of growth and competitiveness. Also presented will be the Italian “Asset Recovery” guide (concerning international sanctions or foreign judiciary proceedings against the assets of persons or bodies) and the minutes of meetings of Bank of Italy delegates and financial attachés abroad.
Intense and fruitful MFA-Bank of Italy Cooperation
The intense and fruitful collaboration between the central bank and the foreign ministry have allowed, among other things, for the collection and analysis of macroeconomic data essential to effective operations during a period marked by recurrent financial market tensions. Another important sphere of collaboration is the pursuit of the goal set by the G8 and the G20 to halve the average global cost of immigrant remittances.
Bank of Italy delegates are currently present in New York, London and Tokyo, while the bank’s financial attachés are operating in the Italian foreign missions located in Berlin, Cairo, Moscow, New Delhi, Paris, Beijing, Washington, Sao Paolo and Istanbul, and the European Union permanent mission in Brussels.
