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Tuesday, June 27, 2006

The next FEMIP Euro-Mediterranean Ministerial Committee will be held in Cyprus

Luxembourg, 27 June 2006

The sixth meeting of the Ministerial Committee of the EIB’s Facility for Euro-Mediterranean Investment and Partnership (FEMIP) took place in Tunis on 26 June, in conjunction with the second meeting of the Euro-Mediterranean ECOFIN Council. Opened by the Tunisian Prime Minister, Mr Mohamed Ghannouchi, the meeting was held under the Austrian Presidency of the European Union, in the presence of Mr Karl-Heinz Grasser, Federal Minster of Finance of Austria. The meeting was co-chaired by Mr Mohamed Nouri Jouini, Tunisian Minister of Development and International Cooperation, and Mr Philippe de Fontaine Vive, EIB Vice President responsible for the Bank’s operations in the Mediterranean partner countries.

The meeting assessed the results of the reinforced FEMIP and looked at its future prospects. It greeted with satisfaction FEMIP’s results, presented in its second Annual Report.

The meeting also decided that the Ministerial Committee’s next meeting is scheduled to take place in Cyprus in the first half of May 2007.

It was attended by the 25 EU Member States and the 10 Mediterranean Partner Countries, as well as by representatives of the European Commission, and other multilateral organisations such as the European Central Bank, the European Economic and Social Committee, the International Monetary Fund, the World Bank group and the African Development Bank), and the Arab Monetary Fund.

FEMIP’s 6th Ministerial Meeting reaffirmed the strong commitment of 35 European and Mediterranean Finance and Economy Ministers to forge a closer economic and financial partnership.

In his opening address, Mr de Fontaine Vive stated: “With new financing operations worth almost EUR 2.2 billion mounted in 2005 to support the modernisation of the Mediterranean economies and the development of job-creating businesses, FEMIP has played a pivotal role in the development of Euro-Mediterranean partnerships.

FEMIP was also particularly active in 2005 on the institutional partnership front, participating in meetings of the Committee of Experts and a host of events which have punctuated the “Year of the Mediterranean”; on the operational side, through the new agreements entered into with the institutions operating in the Mediterranean area; and on the knowledge partnership front with, in particular, the publication of studies providing a better understanding of the challenges of regional economic development.”
Further details on the meeting in the dedicated press release at: http://www.eib.org/news/press/press.asp?press=3141

HELEN KAVVADIA, Department of Communication and Information,


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