CAMENA is a dedicated climate action envelope provided by the Department for International Development (DFID) of the UK to the FEMIP
Fund, providing grants to support early-stage concepts and preparatory studies to become bankable projects.
's financing to Lebanon reached e1/4740 million ($1 billion) between 2002 (the date of its establishment) and 2012, according to a 2013 Byblos Bank report .
Philippe de Fontaine Vive, Vice-President, European Investment Bank, in his opening statements said energy projects have constituted some 40 percent of the activities of FEMIP
since its creation in 2002.
The EIB provided more than 13 billion in these countries under the FEMIP
and mobilised roughly 35 billion in additional capital together with international financial institutions, bilateral agencies and the private sector.
The 10th FEMIP
Conference is organized at the initiative of the EIB in close collaboration with the Investment and International Cooperation Ministry.
The agreement was signed by the president of TMSA, Taoufiq Ibrahimi, and the Vice President of The European Investment Bank in charge of the Facility for Euro-Mediterranean Investment and Partnership (FEMIP
), Philippe de Fontaine.
The Facility for Euro-Mediterranean Investment and Partnership (FEMIP
), the European Investment Bank's (EIB) financial arm for the Mediterranean region, has provided the Syrian Ministry of Local Administration with a e1/450 million loan ($63 million), corresponding to half of the total project cost, for significantly upgrading municipal infrastructure across Syria.
The European Investment Bank's dedicated arm for the Mediterranean region, the Facility for Euro-Mediterranean Investment and Partnership (FEMIP
), has just announced a major pipeline-related financing transaction.
TUNIS--The Facility for Euro-Mediterranean Investment and Partnership (FEMIP
) and Sanabel, the network of microfinance institutions in the Arab countries, held a conference on May 5, in Tunis on the subject "Microfinance in the Mediterranean: what impact?" which brought together nearly 400 participants to engage in debate with some thirty speakers from microcredit institutions, the banking sector, finance institutions, academia and civil society.
For example, FAR [ss] 23.203 (Energy-Efficient Products) is amended to state that, when purchasing products that consume power ma standby mode and are included on the Federal Energy Management Program (FEMP) Standby Power Devices product listing, agencies: (1) must purchase items that meet FEMIP
's standby power wattage recommendation or provide a reason for not purchasing such items; or (2) must purchase items that use no more than one watt in their standby power consuming mode, if FEMP has listed the items purchased without providing a corresponding wattage recommendation.
Renewable energy components benefited in particular from the EIBs expertise and technical assistance under the CAMENA climate action envelope (part of the FEMIP
Trust Fund) backed by the UK Department for International Development (DFID).
Minister of Planning and International Cooperation Ashraf El-Araby headed to Athens on Tuesday to participate in the 13th ministerial meeting of the Facility for Euro-Mediterranean Investment and Partnership (FEMIP
) convention, the ministry of international cooperation announced Wednesday.