7
jun
2004
Egypt, Alexandria

The 4th Ministerial Meeting of EIB's Facility for Euro-Mediterranean Investment and Partnership (FEMIP) will take place in Alexandria on 7 June 2004.

Its purpose is to assess Reinforced FEMIP's results during the Facility's first half year of activity after its reinforcement in December 2003 and look to future prospects.

The discussion will be based on recommendations concerning the two themes of privatisation and private companies' access to the various sources of finance, prepared and put forward by the FEMIP Experts Committee Meeting held in Marseille in February 2004.

Hosted by the Prime Minister of Egypt Dr Atef Ebeid, the Meeting will be held at Ministerial level under the joint chairmanship of the Egyptian Minister of State for Foreign Affairs, Mrs Fayza Aboulnaga, the Egyptian Minister of Finance Mr Medhat Hassanein, and EIB Vice-President with special responsibility for FEMIP, Mr Philippe de Fontaine Vive.

Being the first FEMIP Ministerial Meeting after the EU enlargement, it will be attended by the 25 EU Member States, including the new EU Mediterranean Member States Cyprus and Malta, as well as the 10 Mediterranean Partner Countries (MPCs). It will be attended also by representatives of the European Commission, the World Bank group (WB and IFC) IMF and African Development Bank (AfDB).