Partnerships

FEMIP works closely with many international institutions:

The World Bank (and its International Finance Corporation) have a memorandum of understanding with the EIB and the European Commission regarding cooperation in the region. For more click here.

European Commission DG Enterprise’s Charter for Enterprise has guided policy towards the private sector, also Mediterranean region. The EIB’s “access to finance” project, which covers the credit environment and financial facilities for enterprises, is part of this process.

The African Development Bank has a memorandum of understanding with the EIB and the European Commission to enhance cooperation particularly regarding support for the private sector, regional cooperation, the exchange of information on poverty reduction, macroeconomic reform and debt relief.

Multilateral and bilateral European institutions: Twelve European Development Finance Institutions have a formal agreement to work with the EIB on co-financing of private sector projects, enhancement of institution-wide coordination and joint technical work. The relationship is particularly close with the French (Agence Française de Développement) and German (Kredit fur W) agencies as regards co-financing operations as well as pooling resources for project appraisal and monitoring, information-sharing and consultation.

The Islamic Development Bank. A  Memorandum of Understanding, focused on the development of the potential of PPPs,  was signed between the IDB and the EIB in Abu Dhabi in February 2012. For more see here.    

Pan-Mediterranean initiatives are also supported such as the Union for the Mediterranean and the Centre for Mediterranean Integration.

TheSpanish Agency for International Development Cooperation (AECID)  partners with the EIB regarding support for the private sector in the southern Mediterranean region. Up to EUR 100m is being deployed on a co-investment basis in risk capital investments with EUR 200m earmarked for seed-funding for a new multi-partner vehicle designed to catalyse additional funds.

TheLuxembourg government have a three-year and EUR 4m programme for developing microfinance activities in Tunisia by improving the regulatory environment as well as the capacity of microfinance institutions to grow responsively.

Arab Financing Facility for Infrastructure is an initiative of the Islamic Development Bank, the IFC and the World Bank to help develop public private finance cooperation.

International Financial Institutions Platform: the EIB plays a very active role