The FEMIP Trust Fund (FTF)

Our regions of activity
Within the European Union
Enlargement countries
European Free Trade Association
EIB in the Mediterranean partner countries*
Maximizing synergies
Financing & advisory services
Private equity
Advisory services
FEMIP Support Package
How to apply
Trust fund
Technical advisory
Risk capital operations
CAMENA climate action envelope
Organisation and staff
EU Eastern neighbours
Cooperation with other institutions and organisations
Financing facilities
DCFTA Initiative
Trust fund
Examples of EPTATF Operations
Institutional framework
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
The EU bank in ACP
Madagascar and the EIB
Kenya and the EIB
Our focus in the ACP region
Looking for a loan?
Investment Facility
Boost Africa
Our partners
Senegal and the EIB
Malawi and the EIB
Asia and Latin America
United Kingdom and the EIB
Agriculture sector
Digital Economy sector
Education and training sector
Energy sector
Forestry sector
Health and life science sector
Regional development & cohesion
Transport sector
Trans-European Networks
Transport sector
Trans-European Networks
Urban Development sector
Global Climate City Challenge
Water and wastewater management sector
Projects to be financed
Recently approved projects
Projects to be financed - Breakdown by region
Projects to be financed - Breakdown by sector
Explanatory notes
Financed projects
Projects to be financed - Breakdown by sector
Financed projects - Breakdown by region
EFSI project list
Project cycle
Applying for a loan
Operations evaluation
Operations Evaluation – Process and methodology

The FEMIP Trust Fund (FTF)

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The FEMIP Trust Fund (FTF) is an instrument that complements the Bank’s activities in the Mediterranean region by financing upstream technical assistance, regional studies and targeted risk capital operations supporting innovative private sector companies. Established in 2004, it is a multi-donor, multi-purpose and multi-sector fund which focuses on four priority sectors for the period 2014-2020:

  • Finance and SMEs
  • Infrastructure
  • Environment
  • Human capital and research, development and innovation

Enhanced support is provided through a dedicated Impact Financing Investment envelope, to foster private sector development, and the CAMENA climate action envelope, to help Mediterranean Partner Countries tackle climate change. FTF also supports the FEMIP Internship Programme and the FEMIP Secondment Programme.

Governance: FEMIP Trust Fund Assembly of Donors (AoD)

The Assembly of Donors Committee serves as an advisory and decision-making body for the FTF, by providing guidance on the Fund’s strategy and orientations, and by approving financing proposals.

The Committee consists of representatives of the EU Members States and of the European Commission that have signed a Contribution Instrument with the Bank.

Click here to view  its Rules relating to the Establishment and administration and Procedure as well as the list of members of the FEMIP Trust Fund AoD.

Eligible countries

Countries currently eligible for FTF support are Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Palestine* and Tunisia. Cross-border or regional projects are also welcome.

Guiding principles

FTF is based on the following guiding principles:

  • Complementarity with existing EIB mandates and instruments
  • Innovation in proposals with high added value to the Mediterranean Partner Countries
  • Catalytic impact by encouraging further assistance and development in supported areas
  • Ownership of beneficiary countries eligible for FTF support pursuing their needs and priorities
  • Cost-sharing with final beneficiaries
  • Flexibility in responding rapidly to the needs and emerging challenges in the region

Types of FTF support

FTF support is available in the form of:

  • Technical assistance to finance upstream activities such as studies, project preparation/implementation work or capacity building in different domains, including regulatory and institutional reform. This may also include assistance in relation to democratic transformation and transition needs, as aligned with EU policy objectives, and complementary to the initiatives by the European Commission and the European External Action Service for the economic transition priorities agreed with the Mediterranean Partner Countries.

When tendering for services under the FTF, the EIB’s procurement rules for technical advisory activities apply.


Participation in the Trust Fund enables donors to contribute directly to activities in the Mediterranean Partner Countries. The current donors of the FTF are:

Current donors of the FTF

Approved operations

As of November 2016, the FTF has approved 69 operations (net of cancellations) for a total value of EUR 43.7 million. 77% of the approved amounts are related to technical assistance operations while 23% are linked to risk capital operations. The full list of approved operations is available in the latest Annual Report.


* 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.

Examples of approved operations

Debt fund for innovative and social investments in the Mediterranean region

CoopMed is a pilot project consisting of small private sector investments pursuing specific development, innovation and social objectives. It will provide stable long-term financing, mainly in the form of subordinated loans, to microfinance institutions (MFIs) and other financial intermediaries, with a view to strengthening their funding structure and encouraging them to expand their lending activity to the benefit of microenterprises, cooperatives, social economy enterprises and economic initiatives led by NGOs.

The transaction is the second operation financed under the Impact Investment Financing envelope of the FTF with an amount of EUR 2 million.

Railway feasibility study and environmental and social impact scoping in Morocco

The introduction of a railway connection between Tanger and Tetouan, part of the Melloussa-Tetouan line, is essential for improving regional cohesion and connectivity. It will also help reduce the environmental impact of transport, which is currently almost entirely road-based. The project is expected to lead to lower levels of CO2 emissions and other air pollutants, and should help to reduce transport accidents and noise.

The FTF is supporting the project in its preparation phase through the CAMENA climate action envelope by financing a high performance railway feasibility study with a technical assistance grant of EUR 550 000.

Technical assistance to modernise critical road infrastructure in Tunisia

The technical assistance to the promoter of a road modernisation project in Tunisia (Modernisation Routière I – II and Voiries Prioritaires V), financed by the FTF with EUR 2.1 million, aims to provide targeted support, including transfer of knowledge to the project implementation unit within the promoter, in order to optimise monitoring of projects, particularly in relation to environmental and social aspects.

The TA will thereby strengthen national capacities in road infrastructure project management. It will also contribute to achieving the country’s transport strategy to provide better access to the main cities and regions, and to reduce road congestion and accidents.