Institutional cooperation

Right from the word go, FEMIP wished to involve the representatives of the Mediterranean countries in its lending policy guidelines through constructive discussions on economic, financial and sectoral matters.

This is now a three-way dialogue involving the Ministerial Committee, the Advisory Committee and the FEMIP Conferences.

FEMIP also works continuously with the European Commission, the aim being to maximise synergies between the EIB's lending and the Union's budgetary resources by supporting shared objectives.

Likewise, FEMIP maintains close links with international and bilateral European financial institutions. This cooperation has been stepped up considerably in the last three years, through the signing of a number of memoranda of understanding and letters of intent.

Furthermore, in March 2006 FEMIP signed a partnership agreement with the Euro-Mediterranean Forum for Economic Institutes (FEMISE), which brings together 55 institutes specialising in the study of the Euro-Mediterranean Partnership. This cooperation will take a number of forms (studies, consultations, exchanges of experts) and will cover fields including transition and economic reform, private sector development and North-South and South-South regional integration.