The Bank of Italy has published its Strategic Plan for the 2023-2025 period, outlining five strategic objectives to be achieved through 17 action plans. These objectives include
– strengthening the stability and safety of the financial system,
– promoting innovation in economics and finance,
– protecting bank and financial service customers,
– promoting energy transition and protecting the environment, and
– improving the organization’s inclusiveness, efficiency, and innovation.
The plan addresses the challenges posed by the pandemic, geopolitical tensions, rising energy costs, inflationary pressures, and changes in global and European monetary policies, as well as the need to transition to sustainable energy and implement necessary economic reforms. The plan also emphasizes the need for flexibility in responding to changing external circumstances and the importance of innovation and communication. The plan is viewed by the Bank of Italy as innovative, with a strong international component, and reflects the Bank’s commitment to providing high-quality services to Italy and EU.