Brussels, 12/09/2011 (Agence Europe) - At the meeting of the Deauville Partnership finance ministers held in Marseille on 10 September 2011 under the auspices of the G8, the European Investment Bank (EIB) confirmed its commitment to increasing its financing operations in Tunisia, Egypt, Morocco and Jordan in support of the transition to democracy in the Mediterranean. The four countries in question will receive US$7.5 billion from the EIB by the end of 2013, the Bank said.
EIB President Philippe Maystadt stated that “the Deauville Partnership, which was launched by the G8 summit on 26-27 May of this year, has already enabled the resources deployed by the international financial institutions to promote democracy in the Mediterranean to be significantly increased”. He expressed his pleasure “that this partnership is being extended to Jordan and Morocco, and to the Arab regional financial institutions, with the support of the Gulf countries and Turkey”.
“I am personally committed to ensuring that the EIB further steps up its activities within this wider framework, both in terms of financial volumes and by developing joint operations with our financial partners working in the region”, he added. (F.B./transl.rt)