The EU bank

Between its launch date in October 2002 and December 2010, FEMIP:

• invested EUR 12 billion in its operations;
• supported 2 150 SMEs, which created 30 000 jobs in the region;
• mobilised roughly EUR 30 billion of additional capital together with international financing institutions, bilateral agencies and the private sector in order to advance the integration of the region;
• assigned more than EUR 28.5 million to help existing institutions integrate into the local financial markets;
• granted a total of EUR 98 million for technical assistance operations to build knowledge and capacity in the Mediterranean partner countries.

Yearly trend FEMIP signatures (in Million EUR)

 2010, a record year 

FEMIP focuses on strategic projects that can bring substantive change to local economies:

• EUR 2.6 billion was invested by FEMIP in the Mediterranean partner countries, 60% more than in 2009;

• 18 projects benefited from FEMIP financing and private equity operations in the energy, transport, water, industrial, human capital and health sectors;

• 43% of total financing was provided to the private sector and 57% to the public sector;

• EUR 1.3 billion was disbursed, a tangible indicator of the implementation of investment projects on the ground;

• EUR 14.2 billion was allocated for technical assistance operations, helping promoters in the day-to-day management of their projects.

FEMIP investments by region:

• EUR 1.42 billion for projects in the Maghreb

• EUR 1.10 billion for projects in the Near East

• EUR 30 million for regional projects