The FEMIP Trust Fund

The FEMIP Trust Fund (FTF) is an "operational think tank” exploring new areas in which the facility can operate. Established in 2004, it is a multi-donor, multi-purpose and multi-sector fund whose main objective is to support private sector development in the Mediterranean partner countries. It focuses on seven priority sectors for 2011-2013 and also supports a FEMIP Internship Programme. Click here to view its rules.

Its operations are available in three ways:

Technical assistance;
Private sector support by acquiring private equity holdings
“Democratic transformation support” for SMEs and initiatives that act as an economic catalyst in the region

Donors

Participation in the Trust Fund enables donors to augment the contributions from the EU budget allocated to FEMIP. As of December 2011, the donors of the Trust Fund are: Austria, Belgium, Cyprus, the European Commission, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Spain, Sweden and the United-Kingdom.

Latest approvals by the Assembly of Donors

Public-Private Partnerships Agenda for Action in FEMIP – Regional, February 2012
Capacity Building in the Tunisian Microfinance Sector (MicroMED) – Tunisia, February 2012
Building Capacity in Mediterranean Partner Countries: The FEMIP Internship Programme (second extension) – Regional, February 2012
Projects Identification Study under the Mediterranean Urban Projects Finance Initiative – Regional, February 2012
Study on the Development of a Pan-Regional Second Tier Stock Market Platform – Regional, February 2012
Evaluating Renewable Energy Manufacturing Potential in the Mediterranean Partner Countries – Regional, February 2012
Enhancing the Impact of Private Sector Development on Democratic Transition in the Mediterranean Partner Countries – Regional, February 2012
Technical assistance operation: Project Preparation and Implementation Study in the Framework of the “Integrated and Sustainable Community Development Programme (ISCDP) (Egypt) – September 2011
Technical assistance operation: Reinforcing Private Equity Regulation and Institutional Expertise in Tunisia (Tunisia) - September 2011
Technical assistance operation: Implementation of Climate Change Mitigation and Adaptation Projects under the Mediterranean Climate Change Initiative (Regional) – September 2011
“Employment impact of EIB infrastructure Investments in Mediterranean Partner Countries” – Regional, May 2012
“Space for Med initiative” with the European Space Agency – Regional, May 2012
“Reinforcing competitiveness for job creation in Morocco” – Morocco, May 2012

Number of TA and private equity operations (as of november 2011)

During 2011, 10 technical assistance operations were approved for a total amount of EUR 2m. No risk capital operation was approved in 2011.

2012 FEMIP Internship Programme

FEMIP Trust Fund Activity Report 2005 - 2010

By supporting the 39 operations during the 2005-2010 period of activity, the FEMIP Trust Fund has succeeded in accomplishing the wide-ranging and challenging task assigned to it by its 15 EU bilateral donors and the European Commission.

Focus

Mobilizing the potential of GCC Sovereign Wealth Funds for Mediterranean Partner Countries

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Over the last five years, Sovereign Wealth Funds (SWFs) have played an increasingly important role in providing capital globally. By attempting to maximize investment returns, SWFs have enhanced their traditional investment approaches by increasing direct investments, increasing their exposure to selective emerging markets and diversifying their portfolio across industries.

Mobile financial services in Mediterranean Partner Countries

The study aims to contribute to the development of alternative financial service distribution models, based on prepaid electronic payment systems and cellular technology in order to help address the problem of limited access to financial services observed in the Mediterranean partner countries.

The FEMIP Trust Fund