Press Release: Commission releases EUR 28 million of risk capital facility for Mediterranean countries

The European Commission has released under the MEDA programme €28 million of risk capital for the following Mediterranean neighbours: Algeria, Egypt, Jordan, Lebanon, Morocco, Syria, Tunisia, and the West Bank and the Gaza Strip. The facility will focus on up-grading the financial sector of these countries and territories, on raising the competitiveness of their enterprise sector and will put emphasis on privatisation. Support will also be available to financial intermediaries active in the region. The Risk Capital Facility is administered by FEMIP, a European Investment Bank (EIB) facility created in 2002.

• Primary Source

http://eeas.europa.eu/euromed/index_en.htm http://eeas.europa.eu/euromed/index_en.htm

http://ec.europa.eu/comm/europeaid/projects/med/index_en.htm http://ec.europa.eu/comm/europeaid/projects/med/index_en.htm

---