Ahead of the meeting, Prime announced an ambitious Africa-centered development plan and invited the leaders of several African countries and the African Union to attend - the largest number of representatives from the continent at a G7 summit since 2017. Ms Meloni unveiled her Africa initiative, known as the Mattei Plan, at the ItalyAfrica Summit earlier this year. It aims to establish international development partnerships focused on energy, growth, and immigration.
The plan is named after Enrico Mattei, the founder of Italian oil giant Eni. In the 1950s, Mattei broke the monopoly of the major oil companies by offering developing countries more favourable partnership agreements. These agreements often allowed developing economies to retain 75 per cent of the profits, in contrast to the less equitable terms imposed by the dominant oil giants. Mattei also viewed stateowned enterprises (SOEs) as an essential component of national development strategies and considered personal entrepreneurship a public duty.
Bu hikaye Business Standard dergisinin June 15, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin June 15, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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