Revised Rules relating to the establishment and administration of the FEMIP Trust Fund
- Release date: 17 June 2011
Following consultations with the Mediterranean Partner Countries, the European Council of 12th December 2003 endorsed the conclusions reached on 25th November 2003 by the ECOFIN Council to reinforce the FEMIP within the Bank including the establishment of a trust fund allowing donors to complement on a voluntary basis the Bank's own resources.
The purpose of the FEMIP Trust Fund is to accept and make use of funds provided by donors in order to foster private sector development in the Mediterranean Partner Countries.
By a decision dated 16th June 2011, the Bank’s Board of Directors has approved these Revised Rules.
