ICYMI – Italy will set up a EUR1bn sovereign fund | Forexlive

Italian Premier Giorgia Meloni has confirmed the country will set up a €1 billion sovereign fund

• to channel funding to companies it deems strategic and to bolster domestic production and secure key supply chains
• fund will “stimulate the growth and consolidation of national strategic supply chains, also for the procurement of critical raw materials”
• was approved during a cabinet meeting Wednesday, will require parliamentary approval and might change