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FEMIP

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AcronymDefinition
FEMIPFacility for Euro-Mediterranean Investment and Partnership (est. 2002)
FEMIPFacilité Euroméditerranéenne d'investissement et de Partenariat (French; multi-lateral investment fund for the Middle East)


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Signed by Hisham Ramez Abd El Hafez, deputy governor of the Central Bank of Egypt, and Philippe de Fontaine Vive of the European Investment Bank (EIB), the projects represent EIB's FEMIP initiative (the Facility for Euro-Mediterranean Investment and Partnership).
In its five years of activity in support of microfinance institutions in the Mediterranean, FEMIP has established itself as one of the region's three main finance providers for this type of operation, having allocated a little over e1/423 million since 2003.
This was part of FEMIP aid encouraging Syria to accelerate its shift from oil to natural gas.
 
 
 
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