Final evaluation of the Support to the FEMIP

Support to FEMIP is a EUR 224 million financial envelope that was made available from the EU budget to the EIB in the years from 2007 to 2013 (with the possibility to use funds until 2014), with the purpose of complementing the loans and other activities implemented by the EIB as part of FEMIP (the facility aimed at promoting private sector development in the Mediterranean region) with others that could not, due to EIB statute limitations, be implemented with the Bank’s funding – notably, Technical Assistance and Risk Capital activities. Funding from Support to FEMIP was used to implement operations in Morocco, Tunisia, Egypt, Jordan, Lebanon, Syria and Gaza-West Bank. Our mission was to evaluate the Support to FEMIP programme for both accountability and learning purposes. In particular, the Commission was interested in understanding whether EU budget money had been used to implement interventions that were relevant and effective to the local context and coherent with EU policies; whether this contribution was in fact not achievable without EU support; and to assess the EIB’s role as a partner in this endeavour compared to alternatives (i.e. other IFIs). The study included a desk study as well as missions to visit a sample of projects in all countries where operations where implemented, with the exception of Syria. The assessment of the performance and the achievements of the FEMIP had to take into account the different nature of the Risk Capital (RC) and the Technical Assistance (TA) operations. The sampling of projects to be visited was chosen so as to represent the diversity of operations in term of content, budget and localisation.


Project Details
Country WORLDWIDE
Start date 2018.01.08
End date 2019.03.29
Client EC
Sector EVALUATION
Sub-sector Thematic
Ref. ADE A549-018