PARIS (MNI) – France’s Finance Minister Pierre Moscovici has
appointed finance inspector Bruno Parent to lead consultations with
business, trade unions, financial institutions and regional governments
on the role of the future Public Investment Bank, the ministry said
Tuesday.
The intended role of the bank, to be launched at the start of next
year, is to help recapitalize firms and foresee risks of shortages in
sectors of the credit market with the goal of promoting innovation and
exports.
“It will be a simple instrument for small and medium-sized firms,
allowing them to access diversified financing tools at various stages of
their development,” the ministry said in a press release.
Preliminary recommendations of the consultation are to be submitted
on July 30.
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