Italy is the beneficiary of the largest recovery and resilience national plan with investment projects and reforms designed by the Draghi government. There is around €60bn in the Italian RRNP for the ‘ecological mission’, but the timing for these investments was decided before the war and has a 2025 deadline. The funds for green investment and the digital transition, which support each other, should be pushed forward, because the incentives for renewables can reduce the demand for gas and therefore its price and inflation.
ECB at risk of going too far on inflation By Holger Schmieding Having stuck to an overly loose monetary stance for too long in 2021, the European Central Bank now seems inclined to overdo its response to inflation.
ON DEMAND Global sovereign GSS issuance forum OMFIF brought together key stakeholders from across the green, social and sustainable capital markets to discuss the key themes in the GSS sovereign bond market. It explored lessons from recent debut issuers and thoughts from first-time issuers.
LATEST REPORT Global Public Pensions 2022 The 2022 edition of OMFIF’s Global Public Pensions paints a clear and stark picture of the fundamentally changed investment challenges facing the world’s biggest asset owners.
