Infrastructure is a vital element of the business environment and a generator of employment. However, increasing demand for infrastructure in the Southern Mediterranean region is faced with declining private investment in major projects, due to global economic conditions and regional political uncertainty.
Launched in November 2012, the ISMED Support Programme seeks to increase private infrastructure investment in the Southern Mediterranean Region by providing advisory services to host governments on reducing the legal risk of specific investment projects, conducting public-private policy dialogue on broader legal framework improvements, and informing potential investors of available risk mitigation instruments.
In parallel, the European Union has launched the ISMED Risk and Cost Sharing Toolkit of the EU Neighbourhood Investment Facility (NIF). Operational since May 2008, the NIF is an innovative financial instrument of the European Neighbourhood Policy, whose primary objective is to finance, with a mix of grants and loans, key infrastructure projects in the transport, energy, social and environment sectors, as well as to support private sector development (in particular small and medium enterprises) in the Neighbourhood Region.
The ISMED Risk and Cost Sharing Toolkit will provide targeted measures like support to risk-sharing mechanisms (making funds available to help private investors by reducing their exposure to risk) and guarantee schemes.
Mediterranean Guarantees Newsletter
Groupe de travail MENA-OCDE relatif à la sécurité des investissements en Méditerranée lance une task force sur la « finance islamique »
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