Description
The European Investment Bank (EIB) is the Mediterranean region’s main financial partner, with more than EUR 10 billion invested since 2002.
The Facility for Euro-Mediterranean Investment and Partnership (FEMIP) is its financial arm in the region. In October 2008, the EIB was asked by the Euro-Mediterranean finance ministers at a meeting in Luxembourg to support three priority initiatives of the UfM (Union for the Mediterranean).
Two years after the Paris summit, the EIB presents a broad outline of its involvement in this reinforced partnership.
