How FEMIP is Working to Empower MENA Startups

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Learn how FEMIP can help finance and support your startup in the Middle East and North Africa.

What is FEMIP?

The Facility for Euro-Mediterranean Investment and Partnership (FEMIP) brings together under one roof the whole range of services provided by the European Investment Bank in support of economic development in the Mediterranean partner countries.

Operational since October 2002, FEMIP is the key player today in the financial partnership between Europe and the Mediterranean, providing EUR 10bn of financing between October 2002 and December 2009.

FEMIP has a lending budget of EUR 8.7bn for the period 2007-2013 to support projects in the nine countries where it operates. These resources are augmented by loans totalling EUR 2bn under the Euro-Mediterranean Partnership Facility II, as well as EU budgetary funds for technical assistance and private equity activities.

Within the framework of the European Neighbourhood Policy and the Union for the Mediterranean, FEMIP encourages the modernisation and opening-up of the partner countries’ economies. It focuses its activities on two priority objectives: private sector development and the creation of an investment-friendly environment.

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