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.
Most of FEMIP's operations consist of long-term loans, extended in one of two forms:
| Loans | |||
| Credit lines | Individual loans | ||
| FEMIP resources | Mandate | Article 18 | |
| Objectives | Support SMEs through lines of credit to EIB partner commercial banks or development finance institutions, which on-lend to their customers. | Develop the Mediterranean partner countries' economic infrastructure, with special emphasis on private sector growth and the creation of an environment conducive to private investment. | Finance major infrastructure projects that are of mutual interest to the EU and the Mediterranean partner countries or contribute to regional integration. |
| Beneficiaries | SMEs | Private and public sector promoters | |
| Type of funding and selection criteria |
Medium & long-term loans Average size: <EUR 25m (max. 50% of investment cost) The lending terms are determined by the financial intermediary and reflect the Bank’s advantageous rate. In foreign currencies, or depending on the exchange risk hedging facilities available locally, in local currency. Selection performed by intermediary institutions on the basis of their own credit judgment and according to criteria agreed with the EIB. The security structure is determined by the financial intermediary in keeping with its own risk management rules. |
Medium & long-term loans Average size: >EUR 25m (max. 50% of investment cost) Fixed or floating interest rates as well as a range of other structures. Foreign currencies. The project must be technically, financially, economically and environmentally viable and fit within the remit of FEMIP. Adequate security structure depending on the nature of the project and the quality of the borrower. |
Medium & long-term loans Average size: >EUR 25m (max. 50% of investment cost) Fixed or floating interest rates as well as a range of other structures. Foreign currencies. The project must be of mutual interest to the EU and Mediterranean partner countries. Adequate security structure depending on the nature of the project and the quality of the borrower. |
| The Special FEMIP Envelope (SFE) enables FEMIP to finance selected private sector operations in Mediterranean countries which have a higher risk profile than that accepted under “standard” EIB operations. | |||
| Sectors | All productive sectors, tourism and infrastructure | All productive sectors, tourism and infrastructure | Infrastructure, particularly transport and energy |
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