FEMIP brings together the whole range of services provided by the EIB to assist the economic development of the Mediterranean partner countries[1].
Operational since October 2002, FEMIP is now a key player in the financial partnership between Europe and the Mediterranean, and has invested EUR 8.5bn between October 2002 and December 2008.
As part of the European Neighbourhood Policy and of the Union for the Mediterranean, FEMIP encourages the modernisation and opening-up of the economies of the Mediterranean partner countries.
Activities are focused on two priority areas: support for the private sector and creating an investment-friendly environment.
[1] Algeria, Egypt, Gaza/West Bank, Israel, Jordan, Lebanon, Morocco, Syria and Tunisia. As a consequence of Turkey being recognised as a candidate for accession to the EU, the Bank's operations in Turkey have been transferred to the South-East Europe Department, but this country remains involved in the Euro-Mediterranean dialogue.
The European Investment Bank (EIB) and the Republic of Tunisia will be hosting the 7th FEMIP Conference on "Research, Development and Innovation, Keys for a Sustainable Development in the Mediterranean" on 15 March 2010 in Tunis. This high-level event will be honoured by the presence of the Prime Minister Mohamed Ghannouchi as well as several other distinguished speakers.
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