Introduction section - Bilateral lending
Italy provides loans on concessional terms to developing countries as a tool of international development cooperation. These are financed by the Revolving Fund for Development Cooperation under the Italian Ministry of Economy and Finance, and managed by Cassa Depositi e Prestiti (CDP), the Italian Development Finance Institution. Loan approvals are under the responsibility of the Italian Ministry for Foreign Affairs and International Cooperation (MAECI) while project appraisal and in-country implementation are under the purview of the Italian Agency for Development Cooperation (AICS).
Transparency of debt data is an important component of promoting debt sustainability, and was a priority for the Italian G20 Presidency. In 2021, the G20 has launched a self-assessment against the G20 Operational Guidelines for sustainable financing, developed and endorsed by G20 members in 2017. Italy took part to the recently concluded 2021 self-assessment survey.
To promote best practice under the Operational Guidelines, Italy is committed to make information on its international lending available in a more easily accessible and comparable format.
On line data:
- The stock of outstanding loans to sovereigns, aggregated on a country-by-country basis. It is released on an annual basis [within 45 working days of the beginning of the calendar year].
- Detailed loan-by-loan information on all new lending. It is released on a quarterly basis [within 15 working days of the start of the following quarter].
This data includes direct sovereign lending as well as Paris Club debt restructuring agreements relating both to direct sovereign lending and to non-ODA claims restructured by SACE, the Italian Export Credit Agency.