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FAQ - FEMIP
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FAQ - FEMIP
- In which countries does FEMIP operate?
- How is the FEMIP Ministerial Meeting organised?
- What does the FEMIP Committee do?
- What do FEMIP conferences consist of?
- What is the objective of the FEMIP Trust Fund (FTF)?
- What is the role of the Assembly of Donors of the FEMIP Trust Fund?
- What is the Special FEMIP Envelope (SFE)?
- Does FEMIP provide technical assistance?
In which countries does FEMIP operate?
The nine Mediterranean partner countries that are also members of the Union for the Mediterranean: Algeria, Egypt, Gaza/West Bank, Israel, Jordan, Lebanon, Morocco, Syria, Tunisia and soon Libya. Turkey is a candidate for EU membership, so EIB operations in this country are assigned to the South-East Europe Department, but Turkey continues to participate in the Euro-Mediterranean dialogue.
How is the FEMIP Ministerial Meeting organised?
It takes place once a year in an EU country or a Mediterranean partner country, bringing together the Euro-Mediterranean Finance Ministers.
What does the FEMIP Committee do?
It meets two or three times a year and is composed of representatives of the EU Member States, the Mediterranean partner countries and the European Commission. It discusses FEMIP guidelines, gives opinions on strategies and the introduction of new financial products and prepares the work of the FEMIP Ministerial Meeting. It replaces the old FEMIP Committee of Experts.
What do FEMIP conferences consist of?
Two or three major conferences are held a year in cooperation with an EU Member State or a Mediterranean partner country. These bring together representatives of the private and public sectors and civil society, academics and experts to discuss topics relating to the Euro-Mediterranean and global economic integration of the Mediterranean partner countries. The programmes and proceedings of FEMIP conferences are published on the EIB's website.
What is the objective of the FEMIP Trust Fund (FTF)?
To foster the development of the private sector in the Mediterranean region. The Trust Fund finances sectoral studies upstream of the project cycle and provides support for institutional reforms aimed at improving the economic environment. It also helps to strengthen the private sector by financing private equity operations.
What is the role of the Assembly of Donors of the FEMIP Trust Fund?
It represents all the Trust Fund donors and meets several times a year to discuss, analyse and approve different operations. Sectoral studies and technical assistance and private equity operations may be proposed by the Mediterranean partner countries, donors and promoters.
What is the Special FEMIP Envelope (SFE)?
The SFE allows the EIB to provide loans for projects with a higher risk profile than that usually accepted by the us. It eliminates or limits the additional risk-related costs that are usually borne by private operators. The SFE focuses on the local financial sector, transport, large-scale industrial and infrastructure projects and the tourism sector.
Does FEMIP provide technical assistance?
Yes, not only upstream of project definition but also for the implementation of the projects it finances, at any stage in the project cycle.
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