Facility for Euro-Mediterranean Investment and Partnership (FEMIP)

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 the key player in the economic and financial partnership between Europe and the Mediterranean, with financing operations worth almost EUR 6 billion mounted between October 2002 and December 2006.

As part of the Barcelona Process and the European Neighbourhood Policy, 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.