Facility for Euro-Mediterranean Investment and Partnership (FEMIP)

FEMIP brings together the whole range of services provided by the EIB to assist the economic development of the Mediterranean partner countries[1].

Operational since October 2002, FEMIP is now the key player in the economic and financial partnership between Europe and the Mediterranean, and has invested more than EUR 8.5bn in nine partner countries on the southern shore of the Mediterranean between October 2002 and December 2008.

As part of the Barcelona Process and the European Neighbourhood Policy, 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. As a consequence of Turkey being recognised as a candidate for accession to the EU, the Bank's operations in Turkey have been transferred to the South-East Europe Department, but this country remains involved in the Euro-Mediterranean dialogue.