Union for the Mediterranean - Role and vision of the EIB

The European Investment Bank (EIB) is the Mediterranean region’s main financial partner, with more than EUR 10 billion invested since 2002.

The Facility for Euro-Mediterranean Investment and Partnership (FEMIP) is its financial arm in the region. In October 2008, the EIB was asked by the Euro-Mediterranean finance ministers at a meeting in Luxembourg to support three priority initiatives of the UfM (Union for the Mediterranean).

Two years after the Paris summit, the EIB presents a broad outline of its involvement in this reinforced partnership.