FEMIP brings together the whole range of services provided by the EIB to assist the economic development and the integration of the Mediterranean partner countries[1].
Operational since October 2002, FEMIP is now a key player in the financial partnership between Europe and the Mediterranean, and has invested EUR 10bn between October 2002 and December 2009.
As part of the European Neighbourhood Policy and of the Union for the Mediterranean, 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.
In 2009, while the Union for the Mediterranean was gradually being set up, FEMIP considerably increased its efforts to promote the economic modernisation of the countries of the region. With its unprecedented level of activity, the Bank confirmed to its Mediterranean partners that it could support them in their ambitious investment policies and consolidated its position as the leading investor in the Mediterranean.

The application period for the Programme is from 20 July to 15 September 2010.
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