LOGISMED is an initiative launched by the European Investment Bank (EIB) to develop the logistic sector in Mediterranean Partner Countries (MPCs). It envisages the creation of a network of Euro-Mediterranean Logistic Platforms (EMLP) with welldefined characteristics to support the modernization of a sector that is essential for the development of a Mediterranean free trade area.
projects;
Loans to Railways projects;
Loans for Public Private Partnership (PPP) projects;
Global loans to SMEs in the EU;
Loans to individual projects in the Mediterranean Partner Countries (MPCs);
Global loans for SME financing in the MPCs.
The 2006 edition of the overview report focuses on the assessment of the Bank’s financing operations in ACP countries under the fourth Lomé Convention
of speakers from Syria, the Mediterranean Partner Countries (MPCs), the European Commission and FEMIP, as well as from economic organisations operating in these countries, addressed some 500 eminent participants in Aleppo and Damascus. FEMIP is a major step forward in financial and economic cooperation between the European Union and the MPCs. Since the establishment of FEMIP in Barcelona in 2002, total lending of up to EUR 8-10 billion has been foreseen in the MPCs in the period up to 2006. FEMIP's top priority is to promote and support private sector development (especially Small and Medium
Capital Trust, a 20-year old corporate finance, real estate and private equity firm with offices in London, USA and Beirut, promoting its eighth fund.
Participation in the setting up of an investment fund focused on the MPCs. Strategy: building regional groups by combining local companies that operate in the same industry.
The project will promote private sector investment in mid-market companies in the MPCs. The development of regional groups is a key factor for the improvement of the competitiveness of the MPC economies.
Industry and services. The fund has a generalist focus
(LNG) plant at Idku, some 40 km east of Alexandria. This loan, one of the largest ever financings provided by the Bank in the Mediterranean Partner Countries (MPCs) is provided under under the Bank's... %). This is a prime example of the EIB's catalyst role in investment in the MPCs. The Bank's experience in Egypt, its longstanding financial relationship with the principal project promoters, the mitigation... revenues. FEMIP is a major step forward in financial and economic cooperation between the Union and the Mediterranean Partner Countries (MPCs). It foresees EUR 8-10 billion funding of investment
) , called for further development of the private sector in the Mediterranean partner countries (MPCs). The conference was organised in conjunction with the Ministry of Economy and Finance (Ministerio de... ), greeted the participants and hailed the new momentum given by FEMIP via the range of financial products proposed for investment in the MPCs. Held at the CEOE's headquarters in Madrid, the Conference... sector in the MPCs. Distinguished speakers from very different backgrounds, representing Spain, the MPCs, the European Commission and FEMIP, as well as economic organisations active in the countries
institutions to invest in the Mediterranean Partner Countries (MPCs). A broad range of speakers from Spain, the MPCs as well as the European Commission and FEMIP, as well as from other economic... ). FEMIP is a major step forward in financial and economic cooperation between the Union and the Mediterranean Partner Countries (MPCs). Since its establishment in Barcelona in 2002, it has foreseen a total lending up to EUR 8-10 billion in the MPCs by 2006. Its top priority is to promote and support private sector development (especially SMEs and FDI) and facilitate projects helping to establish
cooperation between the Union and the Mediterranean Partner Countries (MPCs). It foresees EUR 8-10 billion funding of investments in the MPCs by 2006. It has at its disposal funds under the existing Euro... is to help the MPCs meet the challenges of economic and social modernisation and enhance regional integration in the run-up to the creation of a Euro-Mediterranean free-trade area planned for 2010. Set up... a pipeline of 17 new investment operations for another total amount of EUR 1.8 billion, benefiting to almost all MPCs. This led the recent Brussels European Council to further reinforce FEMIP
between the Union and the Mediterranean Partner Countries (MPCs). It foresees EUR 8-10 billion funding of investments in the MPCs by 2006. It has at its disposal funds under the existing Euro-Mediterranean... the MPCs meet the challenges of economic and social modernisation and enhance regional integration in the run-up to the creation of a Euro-Mediterranean free-trade area planned for 2010. Set up following... a pipeline of 17 new investment operations for another total amount of EUR 1.8 billion, benefiting to almost all MPCs. This led the recent Brussels European Council to further reinforce FEMIP by closer
cooperation between the Union and the Mediterranean Partner Countries (MPCs). It foresees EUR 8-10 billion funding of investments in the MPCs by 2006. It has at its disposal funds under the existing... is to help the MPCs meet the challenges of economic and social modernisation and enhance regional integration in the run-up to the creation of a Euro-Mediterranean free-trade area planned for 2010... in Brussels to further reinforce FEMIP through closer cooperation of the 27 Euromed Partner countries (15 EU, 2 Acceeding and 10 MPCs), opening of offices in the Maghreb, setting up a trust fund open
At the opening of the European Investment Bank's conference held today in London, on the theme of Private Sector Development in the Mediterranean Partner Countries (MPCs): The role of the European Investment Bank (EIB), the Vice-President of the Bank, Mr Philippe de Fontaine Vive called for further private sector development in the Mediterranean Partner Countries (MPCs) via the Bank's Facility... Countries (MPCs). It foresees EUR 8-10 billion funding of investments in the MPCs by 2006. It has at its disposal funds under the existing Euro-Mediterranean mandates, risk capital resources from the EU
The 3rd Ministerial Committee Meeting of EIB's Facility for Euro-Mediterranean Investment and Partnership (FEMIP) will take place in Naples on 10 and 11 November 2003. Its purpose is to evaluate progress one year after the establishment of the Facility, discuss FEMIP's future prospects, as well as important policy issues confronting Mediterranean Partner Countries (MPCs) in their quest... , in the presence of Mr Philippe de Fontaine Vive, EIB Vice-President in charge of FEMIP. It will be attended by the 15 EU Member States and the 12 MPCs, as well as by representatives of the European
Under the aegis of the Luxembourg Presidency of the European Union, the 3d Experts' Committee of the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) meets in Luxembourg, on 7 and 8 March 2005. Set up as a think-tank, the Experts are charged with the task of putting forward practical and operational recommendations to FEMIP's Ministerial Committee of the Economics and Finance Ministers of the EU and the Mediterranean Partner Countries (MPCs). The Meeting will focus on the ways that FEMIP can support the modernisation of the Mediterranean banking and financial markets
pour la Méditerranée Occidentale
(CETMO); Mediterranean Universities Union (UNIMED); and
Mediterranean Partner Countries (MPCs).
Euro-Mediterranean
Logistic Network (LOGISMED) T1
4
LOGISMED is an initiative launched
by the European Investment Bank
(EIB) to develop the logistic sector
in Mediterranean Partner Countries
(MPCs). It envisages the creation of
a network of Euro-Mediterranean... Mediterranean partner countries and between those
countries and the EU, in adition to improving the organisation of
the transport and logistic sector within MPCs themselves.
This innovative concept
Greece steps up its support for the economic development of the Mediterranean Partner Countries (MPCs) of the EU, by joining the Trust Fund of the Facility for Euro-Mediterranean Investment... for the Euro-Mediterranean Partnership. Grants advance under FEMIP's Technical Assistance Fund in the Mediterranean Partner Countries (MPCs) totalled EUR 13.8 million. FEMIP's sector objectives were... on increasing the efficiency of investments in environment (EUR 6.7 million, 48%), private sector (EUR 5.8 million, 42%), infrastructure (EUR 1.2 million, 9%) and human capital (EUR 0.1 million, 1%) in the MPCs
and the Region's Mediterranean Partner Countries (MPCs). It foresees EUR 8 - 10 billion funding for investment in these countries by 2006. It has at its disposal funds under the existing Euro-Mediterranean... the MPCs meet the challenges of economic and social modernisation and enhance regional integration in the run-up to the creation of a Euro-Mediterranean free-trade area planned for 2010. FEMIP was inaugurated in October 2002, following the Barcelona European Council in March 2002. In 2003, the first operational year since its launch, FEMIP lending in the MPCs reached the record figure of EUR 2.1 billion
) for the construction of a liquefied natural gas (LNG) plant, storage facilities and gas export equipment in Damietta, some 60 km west of Port Said. Loans in the Mediterranean partner countries (MPCs... in the 1990s to underpin the Barcelona Process launched at the Barcelona Conference in November 1995. FEMIP aims to help the MPCs in meeting the challenges of economic and social modernisation... billion annually. FEMIP gives priority to financing private sector ventures, with the dual aim of liberalising the economies of the MPCs and developing their potential in the run-up to the planned
Under the aegis of the Austrian Presidency of the European Union, the 4th Experts' Committee of the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) meets in Vienna, on 20 and 21 March 2006. Set up as a think-tank, the Experts are charged with the task of putting forward practical and operational recommendations to FEMIP's Ministerial Committee of the Economics and Finance Ministers of the EU and the Mediterranean Partner Countries (MPCs). The Meeting will focus on the ways that FEMIP can support the improvement of the business climate and the attraction of foreign-direct
and the West Bank, Jordan, Lebanon, Malta, Morocco, Tunisia and Turkey. FEMIP is a major step forward in financial and economic cooperation between the Union and the MPCs. It foresees EUR 8-10 billion funding of investments in the MPCs by 2006. It has at its disposal funds under the existing Euro-Mediterranean mandates, risk capital resources from the EU budget as well as technical assistance... of EUR 1.8 billion, benefiting to almost all Mediterranean Partner Countries (MPCs). This led the Brussels European Council (December 2003) to further reinforce FEMIP by closer cooperation of the 27
project, the gas pipeline is a priority project under FEMIP and a prime example of its catalyst role in investment in the MPCs. Against the current high level of oil prices, it will provide economic... between the Union and the Mediterranean Partner Countries (MPCs). It foresees EUR 8-10 billion funding of investment in the MPCs by 2006. It has at its disposal funds under the existing Euro... helping to establish a favourable climate for private investment (economic infrastructure, health and education schemes). FEMIP's ultimate goal is to help the MPCs meet the challenges of economic
and Mediterranean Finance and Economy Ministers to forge a closer economic partnership and greeted with satisfaction the first concrete results of FEMIP's activity for private sector development in the MPCs, examining in particular the example of Tunisia. The participants also expressed satisfaction on the new format of dialogue between the MPCs and European representatives, notably extended through the Experts... far-reaching reforms: establishing in the MPCs a new pattern of development based on economic liberalisation, a flourishing private sector and growing foreign trade earnings, reforms for creating
A conference organised by EIB and MEA in cooperation with UK Trade & Investment Department of Trade and Industry Conference Hall
1, Victoria Street, London SW1 FEMIP - Facility for Euro-Mediterranean Investment and Partnership - is a major step forward in financial and economic cooperation between the European Union and the Mediterranean Partner Countries (MPCs). By the year 2006 it expects... by closer cooperation of the 27 Euromed partner countries (15 EU member states, 2 Acceding countries and 10 MPCs), more regional offices and innovative financing instruments. This EIB conference will focus
such as Europe and the United States of its promoter, the Capital Trust Group, EuroMena will contribute to raising investment and governance standards in the Mediterranean partner countries (MPCs). Together with its loans and technical assistance grants, FEMIP promotes private sector development by engaging in equity and quasi-equity investments in private entreprises to help the MPCs meet
is to come forward with practical and operational recommendations to FEMIP's Ministerial Committee of the Economics and Finance Ministers of the EU and the Mediterranean Partner countries (MPCs... provides a unique opportunity for MPCs to accelerate their alignment with EU's internal market, and to further encourage the flow of much needed investment into the Region. Banks play a critical role... in the Mediterranean Partner Countries (MPCs) takes place under the Facility for Euro-Mediterranean Investment and Partnership (FEMIP). FEMIP focuses primarily on developing the private sector
FEMIP's future prospects; the Committee also reviewed important policy issues confronting Mediterranean Partner Countries (MPCs) in their quest for sustained and sustainable growth and development... of Mr. Philippe de Fontaine Vive, EIB Vice-President in charge of FEMIP. It was attended by the 15 EU Member States and the 12 MPCs, as well as by representatives of the European Commission... and economic cooperation between the Union and the MPCs. Its priorities are: extensive involvement of the MPCs in FEMIP policy with the creation of the Ministerial Committee Meetings and opening
Fontaine Vive called for further private sector development in the Mediterranean Partner Countries (MPCs) via the Bank's Facility for Euro-Mediterranean Investment and Partnership (FEMIP), which forms... of EUR 3.7 billion since March 2002 in operations from which nearly all the Mediterranean Partner Countries (MPCs) are benefiting. The politically strained situation in the region renders it more than... the partners concerned. FEMIP involves the MPCs in its activities through its Ministerial Committee and its preparatory meetings of experts, as well as by establishing regional offices (in 2003
of putting forward practical and operational recommendations to FEMIP's Ministerial Committee, made up of the Economics and Finance Ministers of the EU and the Mediterranean Partner Countries (MPCs). Mr... best serve for this. The speakers being senior representatives of EU and MPCs, banks, industry, business organisations, academic institutions and the European Commission, animated a fruitful exchange... Commission. Participants came up with the conclusion, that for both sectors MPCs and International Finance Institutions (IFIs) shall aim their attention actions and support at the: Need for capacity
and economic cooperation between the European Union and the Mediterranean Partner Countries (MPCs). The King's visit to the Bank on 25 November was particularly auspicious as 2004 marks the 25th... in the future. Lending in the mediterranean partner countries (MPCS) takes place under the facility for euro-mediterranean investment and partnership (FEMIP). FEMIP focuses primarily on developing... the economies of the MPCs and developing their potential in the run-up to the planned creation of an EU/MPC customs union in 2010. It focuses on foreign direct investment and local private sector
and cofinancing arrangements for projects in the Mediterranean Partner Countries (MPCs). EIB's activities in the MPCs are managed through its Facility for Euro-Mediterranean Investment and Partnership... and policy dialogue and to enhance the link between analysis, policy and investment initiatives at all levels.
The formalisation of the EIB-EDFI cooperation in the MPCs complements the existing EDFI
in particular for the Facility for Euro-Mediterranean Investment and Partnership (FEMIP), an EU-mandated scheme implemented by the EIB in the Mediterranean Partner Countries (MPCs). At the signing... and the creation of a Trust Fund ;
diversification of the range of financial products , particularly by seeking ways of providing funds in local currencies;
strengthening of the dialogue with the MPCs... the challenges of economic and social modernisation and enhanced regional integration, with a view to the creation of a free trade area (scheduled for 2010) between the EU and the MPCs. 1) Sidon and Tyre. 2
the Union and the Mediterranean Partner Countries (MPCs). It foresees EUR 8-10 billion funding of investment in the MPCs by 2006. It has at its disposal funds under the existing Euro-Mediterranean... to establish a favourable climate for private investment (economic infrastructure, health and education schemes). FEMIP's ultimate goal is to help the MPCs meet the challenges of economic and social
in the Mediterranean partner countries (MPCs) are granted under the Facility for Euro-Mediterranean Investment and Partnership (FEMIP). This Facility focuses primarily on developing the private sector... more than thirty years and was intensified in the 1990s to underpin the Barcelona Process launched at the Barcelona Conference in November 1995. It aims to help the MPCs meet the challenges of economic... from EUR 1.5 billion to EUR 2 billion annually. FEMIP gives priority to financing private sector ventures, with the dual aim of liberalising the economies of the MPCs and developing their potential
operations approved for a total amount of EUR 1.8 billion;
• EIB plans to finance projects totalling EUR 8-10 billion in the Mediterranean Partner Countries
(MPCs) by 2006;
• EIB takes up the challenges... objectives
• Extensive involvement of the MPCs in FEMIP policy with the creation of the Ministerial Committee
Meetings and opening of regional offices in the Mashreq and Maghreb countries;
• Focus... reform
in the MPCs;
• Deployment of innovative financial products and risk capital;
• Gradual increase in the annual volume of EIB activities in the MPC from EUR 1.4 to 2 billion.
FEMIP’s
of the country context and environment for mobile financial services in Mediterranean
Partner Countries (MPCs)
1.1. Access to Finance and to Telecommunications services in in Mediterranean Partner Countries:
Market potential for Mobile Financial Services
In the Mediterranean Partner Countries (MPCs) analyzed only 35,83 % of the population older than 15 have
an account at a formal financial institution. Excluding Israel, whose access to finance ratio is much higher
than the other countries studied (90,47%), the average of the remaining seven MPCs studied is 28,03%,
lower than the average
Under the chairmanship of EIB Vice-President Philippe de Fontaine Vive , whose responsibilities include the Bank's operations in the Mediterranean Partner Countries (MPCs), the first meeting... with the task of putting forward practical and operational recommendations to FEMIP's Ministerial Committee, made up of the Economics and Finance Ministers of the EU and the MPCs. The Committee of Experts... ;
diversifying the range of financial products offered, notably by seeking possible ways of providing local currency financing;
intensifying dialogue with the MPCs by organising meetings of the Committee
, it will be attended by the 25 EU Member States, including the new EU Mediterranean Member States Cyprus and Malta, as well as the 10 Mediterranean Partner Countries (MPCs). It will be attended also
;
diversifying the range of financial products offered, notably by seeking possible ways of providing local currency financing;
intensifying dialogue with the MPCs by organising meetings of the Committee... time in 2004, in the Maghreb.
Its purpose is to help the Mediterranean Partner Countries (MPCs) meet the challenges of economic and social modernisation and further regional integration in the run-up
countries (MPCs) over the past ten years has not
yet met the objectives set out in the Barcelona Declaration. Divergences in living
standards between MPCs and the EU have grown, and the unemployment rate... .
At the same time, some progress on policies and reforms has been made in MPCs,
although to varying degrees. Overall, it is apparent, however, that the macroeconomic
environment has become more... for enhancing
structural reforms, although incentives for doing so may have declined.
1 The analysis in this paper covers all MPCs that are part of FEMIP
2.1.1. To FTF objectives .................................................................................................................2
2.1.2. To MPCs policies and priorities... operations have shown to be well chosen and are relevant to FTF objectives
and, particularly, to the MPCs policies and priorities. Yet, the main weakness is the
management. So far the management... completed, only one is followed-up.
� Ownership by MPCs, which in most cases is needed to ensure impact, is a real
problem for region-wide studies. Yet, there is an explicit request from MPCs to get
and the promotion of private sector development. In 2004, the Facility for Euro-Mediterranean Investment and Partnership (FEMIP) lent a record EUR 2.2 billion in the Mediterranean Partner Countries (MPCs... million - 9%) and human capital (EUR 0.1 million - 1%) in the MPCs. FEMIP also strengthened its local presence to ensure efficient coordination with the authorities, borrowers, the banking sector and lenders in the MPCs, inaugurating its Tunis FEMIP office in December 2004 . This is FEMIP second office in the region, after Cairo, which was inaugurated in 2003. A third office will be opened in Rabat
in the Mediterranean Partner Countries (MPCs) are granted under the Facility for Euro-Mediterranean Investment and Partnership (FEMIP). This Facility focuses primarily on private sector development and financing socio... was strengthened in the 1990s to underpin the Barcelona Process launched by the Barcelona Conference in November 1995. Its aim is to assist the MPCs in meeting the challenges of economic and social modernisation... to EUR 2 billion. FEMIP accords priority to financing private sector ventures, with the dual aim of liberalising the economies of the MPCs and developing their potential in the run-up
with this group ". Loans in the Mediterranean Partner Countries (MPCs) are granted under the Facility for Euro-Mediterranean Investment and Partnership (FEMIP). This Facility focuses primarily on nurturing... that goes back more than thirty years and was intensified in the 1990s to underpin the Barcelona Process launched at the Barcelona Conference in November 1995. FEMIP aims to help the MPCs meet... lending in the region from EUR 1.5 billion to EUR 2 billion annually. FEMIP gives priority to financing private sector ventures, with the dual aim of liberalising the economies of the MPCs and developing
in the Mediterranean region, encompassing modernisation of the major rail lines and upgrading of the ports and urban roads, air transport and the road network.
Loans in the Mediterranean partner countries (MPCs... to underpin the Barcelona Process launched at the Barcelona Conference in November 1995. FEMIP aims to help the MPCs in meeting the challenges of economic and social modernisation and enhanced regional... . FEMIP accords priority to financing private sector ventures, with the dual aim of liberalising the economies of the MPCs and developing their potential in the run-up to the planned creation of an EU
) and by setting up a trust fund ;
diversifying the range of financial products offered, notably by seeking possible ways of providing local currency financing;
intensifying dialogue with the MPCs... was established in June 2003 - and, some time in 2004, in the Maghreb.
MPCs are closely involved in FEMIP's implementation with an enhanced role to the Facility's Ministerial Committee, set to become... communities in the Partner countries as well as in Europe. The FEMIP's purpose is to help the Mediterranean Partner Countries (MPCs) meet the challenges of economic and social modernisation and further
Partnership. Grants advance under FEMIP’s Technical Assistance Fund in the
Mediterranean Partner Countries (MPCs) totalled EUR 13.8 million.
Innovative and proactive financing for private sector... %), infrastructure
(EUR 1.2 million, 9%) and human capital (EUR 0.1 million, 1%) in the MPCs.
To strengthen local coordination with the authorities, borrowers, the banking sector and lenders in the MPCs,
FEMIP inaugurated its office in Tunis in December 2004. This is its second office in the region, after Cairo,
which has been inaugurated in 2003. A third office in Rabat will be opened
1
FEMIP – Facility for Euro-Mediterranean Investment & Partnership
Ministerial Meeting
Alexandria, 7 June 2004
What has been done in MPCs to assist privatisation
Tunisia
The EIB’s most significant role in facilitating privatisation in the MPCs has taken place in Tunisia, where the
EIB helped the privatisation of medium sized companies via the provision of equity and mezzanine... Directorate in Tunis.
Other Mediterranean Countries
The European Commission has developed programmes to assist privatisation in a number of MPCs and,
until recently, the EIB has followed
forward in economic and financial cooperation between the Union and the MPC. Its priorities are: Extensive involvement of the MPCs in FEMIP policy with the creation of the Ministerial Committee Meetings... technical assistance for the design of quality projects and the process of economic reform in the MPCs;
Deployment of innovative financial products and risk capital;
Gradual increase in the annual
1993 amount to EUR 702 million mid-2005, for a total number of 22 loans. Lending in the Mediterranean Partner Countries (MPCs) takes place under the Facility for Euro-Mediterranean Investment... private sector ventures, with the dual aim of liberalizing the economies of the MPCs and developing their potential in the run-up to the planned creation of an EU/MPC customs union in 2010. It focuses
for enterprises to financing in the Mediterranean partner countries
(MPCs), (ii) the performance of the banking sector in the MPCs, (iii) the flow of
foreign direct investment into the MPCs, (iv) the effects of public debt on the
MPCs’ economies, (v) the professionalisation of the management of private
savings in the MPCs or (vi) other areas in which Femise specialises that are of
interest to the EIB
;
• Global loans to SMEs in the EU;
• Loans to individual projects in the Mediterranean Partner Countries (MPCs);
• Global loans for SME financing in the MPCs.
Through this publication, the Inspectorate... projects (mainly in
the EU)
• Railways projects in the EU (EU15)
• PPP (Public Private Partnership)
projects
• SME global loans in the Enlarged
Union (EU25)
• Global loans in the MPCs
(Mediterranean Partner Countries)
• Individual loans to projects in MPCs
Methodology
EIB operations are assessed using internationally accepted
evaluation criteria and include an examination of EIB per
Fund have geared up in support of
both preparation and implementation of the Bank projects in the MPCs.
? To strengthen institutional coordination, a MoU covering the FEMIP countries was signed
on 3... for the year by 20%.
? Signatures were almost equally distributed among the Maghreb, the Middle East and
Turkey.
? 48% of signatures went to support private sector development in the MPCs, in line... to meeting its statutory targets.
Following consultation with the MPCs at the last PDCC in Naples, the ECOFIN Council adopted at the end of
November 2003 the option of “reinforcing” FEMIP within the Bank
in the Mediterranean Partner Countries (MPCs) takes place under the Facility for Euro-Mediterranean Investment and Partnership (FEMIP). FEMIP focuses primarily on developing the private sector and financing... in the region has increased from EUR 1.5 billion to EUR 2 billion annually. FEMIP gives priority to financing private sector ventures, with the dual aim of liberalizing the economies of the MPCs
is scheduled to be officially opened by the end of the year. The European Investment Bank (EIB) grants loans in the Mediterranean Partner Countries (MPCs) under FEMIP, the Facility for Euro-Mediterranean... of the range of financial products , particularly by seeking ways of providing funds in local currencies;
greater dialogue with the MPCs by organising annual meetings of the Committee of Experts... , with a view to the creation of a free trade area (scheduled for 2010) between the EU and the MPCs. The EIB has been operating in Tunisia, as an element of the financial cooperation between the EU
in the Casablanca region, the country's largest urban and economic centre. Accordingly, the loan will carry an interest subsidy from the EU budget. Loans in the Mediterranean Partner Countries (MPCs... in the 1990s in support of the Barcelona Process launched at the Barcelona Conference in November 1995. FEMIP aims to help the MPCs meet the challenges of economic and social modernisation and enhanced... priority to financing private sector ventures, with the dual aim of liberalising the economies of the MPCs and developing their potential in the run-up to the planned creation of an EU/MPC customs union
investment (economic infrastructure, health and education schemes). Endowed with EUR 8-10 billion up to end-2006, FEMIP's goal is to help the Mediterranean Partner Countries (MPCs) meet the challenges
goal is to help the Mediterranean Partner Countries (MPCs) meet the challenges of economic and social modernisation and regional integration in the run up to the planned creation of a Euro-Mediterranean
Countries (“MPCs”). The FTF would be financed by untied voluntary contributions from
Member States. The fund would be structured around three “windows”: (i) Priority sectors lending;
(ii) Upstream... sector promoters, subsidies
provided under the FTF could be used to foster private sector involvement in the
infrastructure sector of the MPCs.
? Upstream Technical Assistance: Under the current FEMIP... available to directly support private sector development in the MPCs.
In particular the Trust Fund would focus on increasing the Bank involvement in equity type
operations, with special emphasis
1
FEMIP Trust Fund
FTF Objectives for 2011-2013
The objective for FTF over the coming three years is to optimize its efficiency and
efficacy, transforming it into a reference vehicle, based on three main pillars:
1. Stricter eligibility & high value added.
2. European leadership with regional partnership.
3. More ownership and choices for the donors.
According to article 1.01 of the Rules relating to its establishment and administration, the
main and broad purpose of the FTF remains to foster private sector development in the
Mediterranean Partner Countries (MPCs
Countries (MPCs)1, and, to come up
with concrete recommendations for improving the efficiency of remittance flows.
With this aim in mind, the study has been conducted in two stages. The first stage... of remittance flows
between Europe and MPCs and how priority actions can feasibly be implemented.
While impediments to efficient remittance flows and ensuing recommendations tend to be
corridor specific (i.e. country to country), the following general conclusions from the
analysis stage of the study can be drawn:
• Remittances are of considerable economic importance to MPCs, although more
Recommendations Comments by services
Objectives
R1 The FTF could further enhance its
action by defining priorities. The Rules of the
FTF invites the Bank to consult MPCs to define
these priorities... in the MPCs.
Scope of activities
R3 EV supports the current FTF approach
to carry out upstream studies which are needed
to foster private sector development and where
FTF is quite effective...
that it makes it more difficult for potential promoters (in MPCs or the Bank) to put
forward proposals for operations. Furthermore, no operational objectives have been
set in terms of calendar
Institutions
MPCs Mediterranean Partner Countries
MDBs Multi-lateral Development Banks
MED region According to EUROMED mandates, this includes
the following countries: Algeria, Egypt, Jordan...
and, on the other, the beneficiaries’ requirements and the policies of the MPCs. The
infrastructure projects have contributed to covering the basic needs of the population or
overcoming substantial bottlenecks for the economic development of the respective
MPCs. Industrial projects supported the development of the private sector in the region.
In general, the projects financed have contributed
On 1 and 2 October 2003, EIB President Mr Philippe Maystadt and Mr Philippe de Fontaine Vive, Vice-President in charge of financing operations in the Mediterranean Partner Countries (MPCs), held a series of discussions at the highest level with the Egyptian authorities and officially inaugurated the Bank's regional office for the Near East in the presence of the Prime Minister, Dr Atef Ebeid. The talks will afford an opportunity to take stock of what FEMIP (Facility for Euro-Mediterranean Investment and Partnership) has achieved in the 11 months since its launch in Barcelona on 18 October
(Bulgaria and Romania) the percentage was even higher. In the Mediterranean Partner Countries
(MPCs), EUR 199 million in total individual loans was advanced for environmental schemes. A further
EUR 100
and operational recommenda-
tions to FEMIP’s Ministerial Com-
mittee, made up of the Economics
and Finance Ministers of the EU and
the MPCs, this Committee was
chaired by Mr Gerrit Zalm, Dutch
Minister of Finance... challenges at the
Ministerial Meeting in Morocco
next year”.
The speakers – senior representa-
tives of EU countries and MPCs,
banks, industry, business organisa-
tions, academic institutions... , Direc-
tor in the Directorate-General for
Energy and Transport of the Euro-
pean Commission.
The participants reached the con-
clusion that, for both sectors, the
MPCs and international finance
(MPCs)
1.1. Access to Finance and to Telecommunications services in in Mediterranean Partner
Countries: Market potential for Mobile Financial Services
In the Mediterranean Partner Countries (MPCs... studied (90,47%), the average of the
remaining seven MPCs studied is 28,03%, lower than the average for the upper middle income
group of countries where (Algeria, Tunisia, Jordan and Lebanon belong) and approximately the
same as the average for the low middle income group of countries where Morocco, West
Bank/Gaza and Egypt belong. Thus, MPCs studied face an important challenge in terms
MPCs Mediterranean Partner Countries
MDBs Multi-lateral Development Banks
MED region This includes the following countries: Algeria,
Egypt, Jordan, Lebanon, Morocco, Syria,
Tunisia, Malta... , including support for SMEs and joint ventures between
EU and Mediterranean Partner Countries (MPCs) enterprises;
• Upgrading of economic infrastructures, including those necessary to encourage... the
European Community and Mediterranean Partner Countries (MPCs), which included
bilateral Financial Protocols providing for loans from the European Investment Bank and
grants from the aid budget
data at
the time of publication for the
section on macroeconomic
challenges and prospects.
Annual Report 2010 11 FEMIP
Figure 5: Export growth
annual % change
-40
-30
-20
-10
0
10
20
30
40
50
MPCs...
Syria Lebanon Algeria
MPC
210
260
160
110
60
2004 2005 2007 200920082006
2004=100
Tunisia MPCs Syria Algeria
Egypt Lebanon Morocco
Notes: (1) In Figure 5 data do not include Gaza/West Bank.
(2) MPCs is a GDP-weighted average.
Boosting professional skills in new information and communications technologies is a priority for FEMIP in the Mediterranean countries.
Specialised Institute
Banks and Financial Institutions administering
FEMIP Global Loans in the
Mediterranean Partner Countries (MPCs)
Last update: 4 December 2006
EGYPT
CONCORD INTERNATIONAL
INVESTMENTS
Mr Mohamed Younes,
Managing Director
9 Hod El Laban Street
Garden City,
Cairo 11451
Tel. :+20 2 792 36 56
Fax : +20 2 792 36 58
E-mail: msyounes@link.net
RC
EFG-HERMES Mr. Hassan El Khatib,
58 El Tahrir Street
Dokki, Giza
Cairo
Tel. :+20 2 797 86 65
Fax : +20 2 338 38 69
E-mail: helkhatib@ciic.com.eg
RC
EXPORT DEVELOPMENT BANK OF
EGYPT
Ms. Salwa Mansour,
Senior General
2 - 2003 • N° 114 ISSN 0250-3891
-EIB
EIBInformation
Launch of the EIB’s new ACP
Investment Facility
A new EIB Investment Facility for supporting private
sector investment in the African, Caribbean and Pacific
countries helping to reduce poverty, was formally
launched at the EIB’s Luxembour...
Philippe de Fontaine Vive, Vice-President in charge of financing operations
in the Mediterranean Partner Countries (MPCs), held a series of discussions
at the highest level with the Egyptian authorities... Mr Philippe
Maystadt and Mr
Philippe de Fontaine
Vive, Vice-President in
charge of financing
operations in the
Mediterranean Partner
Countries (MPCs), held
a series of discussions
at the highest... MPCs, its objectives are to optimise
the process of identifying and monitoring projects
and to facilitate the implementation of technical
assistance both for projects and financial institu-
tions
and improved regional
integration, looking ahead to the
Euro-Mediterranean free trade
area planned for 2010. The finan-
cing of private investment is
arranged in close collaboration
with the MPCs’ banking
indicators for MPCs
Real GDP growth (%)
Inflation
(%)
Current Account
Balance
(% of GDP)
Fiscal Balance
(% of GDP)
2003 2004 2005 2006 2003 2004 2005 2006 2003 2004 2005 2006 2003... -targeting regime and an appreciating
exchange rate.
Chart 5: Contribution of government consumption to
GDP growth in selected MPCs
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
Algeria Morocco Tunisia Egypt Jordan... Outlook
7
Table 2: World Bank Investment Climate
indicators for MPCs( )6
Delay in
obtaining an
electrical
connection
(days)
Average time
to clear
direct
exports
through
customs
infrastructure projects financed by
the Bank in the Mediterranean
Partner Countries (MPCs) over the
past five years related to water sup-
ply and wastewater treatment, i.e.
EUR 1.2 billion. Most of the envi... has a number of impor-
tant instruments for enhancing
project development and its lend-
ing opportunities in the water sec-
tor in the MPCs. In October 2002,
the EIB launched the Facility for
Euro... in the
MPCs. This aims to provide between
EUR 8 and 10 billion in financing in
the MPCs by 2006. Sustained sup-
port for the environment and the
quality of life is one of FEMIP’s pri-
ority areas. Another
by Mr Luigi Marcon, this
office covers the whole of the Near East. Apart from liaison
with the authorities of the region's MPCs, its objectives are
to optimise the process of identifying and monitoring...
to FEMIP’s Ministerial Committee,
made up of the Economics and
Finance Ministers of the EU and the
Mediterranean Partner Countries
(MPCs).
The Committee of Experts was wel-
comed to Marseille by Mayor... and
the financial authorities of the
27 MPCs. He added that “peace
between the peoples of the
Mediterranean is built on mutual
understanding and respect but
underpinned by the sharing of
wealth”.
Mr
by the European
Council. The existing mandates in the Enlarge-
ment and Eastern Neighbour Countries, the Medi-
terranean Partner Countries (MPCs), the Republic
of South Africa, and Asia and Latin... mandate
by end-2005, the EIB has decided to provide loans
on its own risk in the MPCs in 2006.
Under the Cotonou Partnership Agreement, the
Bank intends to further develop its lending activ-
ity
of the regional non-oil economies will be c hallenging, partly because of continued high recurrent
expenditure.
A critical focus of MPCs’ economic transition relates to creating a competitive pro... to conducting business in
the region, evidenced mainly in high licensing requirem ents and inefficient courts. Thus, further improvement
of MPCs’ policies and practices regulat ing business... and regional trade agreements. Since 2000, the MPC region
has made significant progress in reducing obstacles to trade. In all MPCs, tariffs have been reduced and
non-tariff barriers dismantled
Ë
Embracing the new wave of EU accession and
the extension into South-East Europe, the
Athens Forum provided strong support and
encouragement to all who make EU membership
their future objective.
2006 EIB Forum
Renewed impetus in the quest for
EU integration in South-East Europe
N° 125
The ...
European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank
Overview Report 2007
Operations Evaluation
EIB financing in the European Union, 1997-2006:
Education • Health • Research, development, innovation
Cross-border TENs...
from the Mediterranean part-ner countries (MPCs: Algeria, Egypt,
Gaza/West Bank, Israel, Jordan, Lebanon,
Morocco, Syria, Tunisia and Turkey). The ap-
plication period was 11 July to 15 Septem-
ber... by promoting economic and
social progress in the MPCs.
Eligible candidates were those holding a
degree or in the final year of a course at an
institute of higher education.
Funded by the FEMIP Trust Fund
The EIB is reinforcing its contribution to the EU’s energy and climate change policy.
The ambitious 2007 target is to lend up to EUR 4bn within the EU for investment in
the energy sector, of which at least EUR 800m will be for renewables –
a figure likely to increase in the coming years.
EIB ...
circlecopyrt E IB – 07/2006 – EN QH-X1-06-028-EN- C ISBN 92-861-0482-0
Corporate Responsibility
Report
2005
E u r o p e a n I n v e s t m e n t B a n k • E u r o p e a n I n v e s t m e n t B a n k • E u r o p e a n I n v e s t m e n t B a n k • E u r o p e a n I n v...
Annual Report 2009FEMIP Annual Report 2009
European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment BankEuropean Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Inves...
19.6 40 49 2
Tunisia 26.9 18 29 53
MPCs 16.8 22 30 47
Europe and Central Asia 6.8 29 37 50
Latin America and Caribbean 9.4 22 28 64
South Asia 15.0 34 41 28
Sub-Saharan Africa 13.7 40 52 26
High
countries
1.1 The Mediterranean Partner countries1
1.0.0 Over the past few years’ growth in MPCs have been on an upward trend, which in 2004 acquired a
more marked pace. While Turkey was undoubtedly
VolumeI
ActivityReport
AnnualReport 2004
EuropeanInvestment Bank Group
EuropeanInvestment Bank Group
VolumeI
ActivityReport
AnnualReport 2004
The EIB Group’s 2004AnnualReport consists of three separatevolumes:
–TheActivityReport presenting theEIB Group’s activityover the past year andfuture
prosp...
MPCs.
A Euro-Mediterranean network of logistics platforms
Summary Report
Catram Consultants (Paris – France), Team International (Beirut – Lebanon) and Team Morocco (Rabat)
3
E U R O M E D
circlecopyrt EIB – 06/2006 – QH-AH-06-001-EN-C
Egypt
6, Boulos Hanna Street 3 (+20-2) 336 65 83
Dokki, 12311 Giza 5 (+20-2) 336 65 84
U l.marcon@eib.org
Morocco
Riad Business Center 3 (+212) 37 56 54 60
aile sud, immeuble S3, 4e étage, 5 (+212) 37 56 53 93
Boulevard Er-Riad U r.p...