FEMIP Trust Fund
Established in 2004, the FEMIP Trust Fund (FTF) aims to facilitate investment and address funding gaps in the EU’s Southern Neighbourhood. The FTF focuses on four priority areas: access to finance for smaller businesses, infrastructure, the environment, as well as research, innovation and education. The trust fund also offers enhanced support through CAMENA, a dedicated climate-action envelope.
The EIB uses donor funds to enhance the development impact of investment projects. FTF supports technical assistance throughout the project cycle, risk capital operations and capacity building.
Countries eligible for FTF funding:
Algeria, Egypt, Israel, Jordan, Lebanon, Libya*, Morocco, Palestine**, Syria* and Tunisia.
Cross-border or regional projects are also eligible.
* The EIB will start operating in Libya once it has signed a Framework Agreement with the country. Following EU sanctions in November 2011, the EIB suspended all loan disbursements and technical advisory contracts for projects in Syria.
** This designation shall not be construed as recognition of a State of Palestine and is without prejudice to the individual positions of the Member States on this issue.
CAMENA is a climate action envelope within the FTF providing grant support to regional partners for climate initiatives. The envelope was created with the support of the UK’s Department for International Development (DFID) to fight climate change in the Mediterranean region.