FEMIP brings together the whole range of services provided by the EIB to assist the economic development of the Mediterranean partner countries[1].
Operational since October 2002, FEMIP is now the key player in the economic and financial partnership between Europe and the Mediterranean, with financing operations worth almost EUR 6 billion mounted between October 2002 and December 2006.
As part of the Barcelona Process and the European Neighbourhood Policy, 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.

Applying for funding

Where investment cost http://www.eib.org).

Where investment cost >EUR 20-25m

Direct loans and risk capital financing can be requested directly from the EIB.
There is no standard documentation and the Bank does not require its borrowers to complete set forms or questionnaires. As a general rule, a comprehensive feasibility study should be submitted.
Where such a study has not been prepared, the promoter may use its own discretion in compiling as detailed a dossier as possible to permit the technical, environmental, economic, financial and legal appraisal of the project.

Applying for a Loan

The EIB finances projects in most sectors. To be eligible projects must contribute to EU economic policy objectives.
No special formalities are involved for the submission of applications to the EIB for individual loans. Project promoters are required simply to provide the Bank's Operations Directorate with a detailed description of their capital investment together with the prospective financing arrangements. For further details of required documentation see:

http://www.eib.org/attachments/application_documents_en.pdf

Initial contacts to discuss a proposed project can be in any form, by telephone, fax, e-mail or letter. The project promoter should provide sufficient information to allow the EIB to assess whether the project adheres to EIB lending objectives and has a well-developed business plan.