Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management.
The EIB attaches great importance to engaging with civil society and building cooperative relations with its representatives.
FEMIP brings together the whole range of services provided by the EIB to assist the economic development and the integration of the Mediterranean partner countries[1].
Operational since October 2002, FEMIP is now a key player in the financial partnership between Europe and the Mediterranean, and has invested EUR 12bn between October 2002 and December 2010.
As part of the European Neighbourhood Policy and of the Union for the Mediterranean, FEMIP encourages the modernisation and opening-up of the economies of the Mediterranean partner countries.
Activities are focused on two priority areas: support for the private sector and creating an investment-friendly environment.
[1] Algeria, Egypt, Gaza/West Bank, Israel, Jordan, Lebanon, Morocco, Syria and Tunisia.
MEDGAZ, the first gas pipeline to be built under the Mediterranean connects Algeria (Beni Saf) to Spain (Almería). It is expected to transport nearly 8 billion cubic metres of gas a year and, has cost nearly EUR 1bn, half of which financed by the EIB.
The REsults Measurement framework (REM) will improve the ex-ante assessment of expected project results and enhance the Bank’s ability to report on actual results achieved for projects financed outside the EU.
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