AECID and EIB to invest up to EUR 100m to support SMEs in Southern Mediterranean
- Date: 02 October 2012
The Kingdom of Spain through the Agencia Española de Cooperación Internacional para el Desarrollo (AECID) has contributed up to EUR 100m to EIB for investment across the Southern Mediterranean region. The EIB will manage the funds on behalf of AECID and seek to invest these resources before the end of 2013 for risk capital activities to the private sector, in particular for the benefit of micro and SMEs. The objective is to make investments, directly or through private equity funds, throughout the region supporting job-creating projects and developing entrepreneurial culture. We would like to invite interested parties to submit eligible projects to the EIB.