The EU bank

The FEMIP Trust Fund (FTF) was established at the end of 2004. In accordance with its rules, it is conceived as a multi-donor, multi-purpose and multi-sector fund whose main objective is to support private sector development in the Mediterranean partner countries. It focuses on seven priority sectors for 2011-2013. It also supports a FEMIP Internship Programme. More than seven years after it was launched, the Trust Fund is fulfilling its role as an "operational think tank", enabling new areas to be explored in which it would be useful for FEMIP to operate to the benefit of partner countries.

Its operations comprise three windows:

• the Technical Assistance window;
• the Private Sector Support window, acquiring holdings in the private sector (private equity).
• the “Democratic transformation support” window, via support for SMEs in the region and initiatives that act as an economic catalyst.

Participation in the Trust Fund enables donors to augment the contributions from the EU budget allocated to FEMIP. As of December 2011, the donors of the Trust Fund are: Austria, Belgium, Cyprus, the European Commission, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Spain, Sweden and the United-Kingdom.

 Latest approvals by the Assembly of Donors

• Public-Private Partnerships Agenda for Action in FEMIP – Regional, February 2012
• Capacity Building in the Tunisian Microfinance Sector (MicroMED) – Tunisia, February 2012
• Building Capacity in Mediterranean Partner Countries: The FEMIP Internship Programme (second extension) – Regional, February 2012
• Projects Identification Study under the Mediterranean Urban Projects Finance Initiative – Regional, February 2012
• Study on the Development of a Pan-Regional Second Tier Stock Market Platform – Regional, February 2012
• Evaluating Renewable Energy Manufacturing Potential in the Mediterranean Partner Countries – Regional, February 2012
• Enhancing the Impact of Private Sector Development on Democratic Transition in the Mediterranean Partner Countries – Regional, February 2012
• Technical assistance operation: Project Preparation and Implementation Study in the Framework of the “Integrated and Sustainable Community Development Programme (ISCDP) (Egypt) – September 2011
• Technical assistance operation: Reinforcing Private Equity Regulation and Institutional Expertise in Tunisia (Tunisia) - September 2011
• Technical assistance operation: Implementation of Climate Change Mitigation and Adaptation Projects under the Mediterranean Climate Change Initiative (Regional) – September 2011

Number of TA and private equity operations (as of november 2011) figure

During 2011, 10 technical assistance operations were approved for a total amount of EUR 2m; (no risk capital operation was approved in 2011)