FEMIP financing operations in Algeria

FEMIP is the key player in the financial partnership between Europe and the Mediterranean, providing more than EUR 13 billion of finance between October 2002 and December 2011.

Algeria's medium-term outlook will be bolstered by its substantial resources, which will enable it to finance the expansion of its fiscal policy over the coming years. Expenditure will serve in particular to develop sectors other than hydrocarbons, improve local skills and support SMEs, which will help to create jobs.