Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management.
The EIB attaches great importance to engaging with civil society and building cooperative relations with its representatives.
FEMIP works closely with the European Commission, and with international and bilateral European financial institutions.
In May 2004, the EIB, the European Commission and the World Bank signed a Memorandum of Understanding aimed at enhancing the coordination of their activities in the Mediterranean partner countries. In 2008, the International Finance Corporation (IFC), the World Bank Group institution responsible for operations with the private sector, joined the partnership.
A number of joint activities have been carried out under this partnership: financing operations, coordination meetings, organisation of conferences and cooperation at local level between the external offices of the three institutions.
In a joint initiative with the World Bank, France and the Mediterranean partner countries, on 9 October 2009 the EIB launched the Marseille Centre for Mediterranean Integration. This is designed to support public policy reform in key sectors for development in the partner countries.
As a founding member of the centre, the EIB is helping to steer three of the agreed programmes:
• Medinas 2030
• Logismed
• Fostering innovation in the Mediterranean
Through this initiative, the EIB is seeking to promote the development of growth-oriented public policies in the Mediterranean region.
EIB contact at the CMI:
Villa Valmer, 271 Corniche Kennedy
13007 Marseille, France
E-mail: m.benraad@eib.org
Phone: + 33 4 91 99 24 67
Website: www.cmimarseille.org
The EIB, the European Commission and the African Development Bank Group (AfDB) signed a Memorandum of Understanding in August 2005 to enhance the effectiveness of their cooperation in supporting development programmes in African countries.
Priority areas of cooperation include the co-financing of projects to support the private sector and regional cooperation, and the exchange of information on poverty reduction, macroeconomic reform and debt relief.
The EIB and the twelve European Development Finance Institutions (EDFIs) operating in the Mediterranean signed a letter of intent on 13 May 2005 to promote the co-financing of private sector projects, enhancement of institution-wide coordination and joint technical work.
On 13 December 2005, the EIB, Agence française de développement (AFD) and KfW Entwicklungsbank (the German development bank) signed an agreement aimed at stepping up their cooperation.
This agreement promotes co-financing operations involving the three institutions and the pooling of their resources at both project appraisal and monitoring stages. It ensures better information-sharing and closer consultation on various aid issues.
In 2010, the EIB, AFD and KfW signed a tripartite “mutual reliance” agreement aimed at strengthening cooperation by delegating tasks to the main finance provider in their shared operations.
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