FEMIP Overview
Between its launch date in October 2002 and December 2006, FEMIP:
- invested nearly EUR 6bn in the nine Mediterranean partner countries;
- financed 87 projects aimed at modernising and opening up the partner countries’ economies;
- helped to mobilise a further EUR 13.8bn in additional resources provided by the project promoters, other bilateral or multilateral financial institutions and commercial banks. This means that FEMIP managed to leverage more than twice its own contribution;
In terms of sectoral breakdown, FEMIP:
- earmarked 64% of total financing for projects in the infrastructure sector, particularly transport and energy;
- dedicated 14% of its portfolio to SMEs via credit lines and private equity operations and supported major corporates, which account for 7% of the FEMIP portfolio;
- helped to safeguard the environment by directing 11% of total financing to environmental projects;
- contributed to human capital development by supporting projects in the health and education sectors, which account for 4% of its portfolio.
FEMIP also:
- expanded its private equity activity in the Mediterranean to the point where it has become the most active private equity investor in the region, with a portfolio of more than EUR 380m comprising more than 750 investments, including 22 investment funds and the numerous holdings in local companies;
- mounted 62 technical assistance operations totalling EUR 36.8m, with the aim of improving the quality of lending operations and enhancing their development impact.
