The €22 Billion
Initiative
The 3rd Euro-Mediterranean
Conference & Exhibition on
Donor Funding, Banking and
Novel Financial Instruments
MEDA FINANCE
A project financed by the European Union, the MedAlliance and th
Piloted local, then regionalized
The Aim
To monitor available resources and network with the EC, EIB,
EBRD, EU member states and all bilateral and multilateral
donors & financial institutions aiming at the support of
business through:
•
Availing the highly needed information about sources of grants,
technical assistance, soft loans, and novel financial instruments to
their real target…SMEs
•
Promoting novel financial instruments inclusive Non Banking &
Novel Financial Instruments Factoring, Leasing, Mortgage
finance, Venture Capital and private equity as the future funding
mechanism worldwide.
•
Positioning the Med Alliance EC Invest in Med as the best
implementation and outreach arms. regionally and in Egypt, for
all donors and advocating phase 2
•
Giving credit and visibility to the EC and all our development
partners
Meda Finance The Initiative
1.
2.
3.
4.
5.
Survey of EC, EIB, EBRD, EU member states, bilateral
and Multilateral grants, TA, lines of Credit, as well as
novel non-Banking Financial Instruments available for
the Euro-Med (over $ 22 billion so far), … but we
continue
Setting up the mechanism for periodic updating
Conducting "The Euro-Mediterranean Conference on
Donor Funding, Banking and Novel Financial
Instruments as a networking platform
Sustainability of the initiative and setting up the
formula for replication
Follow-up with customized proposals to all donors
Meda Finance The start
The cost sharing grant agreement of "Meda Finance" was witnessed by the leaderships of the project partners,
Galal El Zorba, Med Alliance & BusinessMed president, Philippe de Fontaine Vive, European Investment Bank
"EIB" 1st vice president , Asem Ragab, Anima & "GAFI" president, Dr. Murat Yalsintas, Federation of
Mediterranean Chambers "ASCAME" president, and Hani Hafez Federation of Egyptian Industries "FEI"
managing director when signed between Dr. Alaa Ezz, Confederation of Egyptian European Business
Associations "CEEBA" secretary general, Adham Nadim, Industrial Modernization Center "IMC" executive director,
and Bénédict de Saint-Laurent , European Commission Invest In Med programme director.
Meda Finance The Study CD
A total of 113 instruments were sourced, that is besides the aid offered to
Governments which is translated into tenders for services and
supplies implemented by private sector from the Mediterranean
1.
Over 58 instruments available for the whole region by 18
countries/institutions/programmes of AfDB, Belgium, EC, EIB, EBRD
Finland, France, Germany, IDB, Japan, Kuwait, Netherlands, Saudi
Arabia,, Spain, UAE, UNDP, UNIDO, USA, and WB/IFC/IBRD; besides
what is offered to individual countries from Canada, Denmark, and Italy,
.. and naturally the countries themselves.
2.
Over 81 Instruments available for individual countries: Algeria 6; Egypt
33; Jordan 6, Lebanon 6, Morocco 11, Tunis 14
Meda Finance The Study CD
•
Grants: in cash or as technical assistance up to Euro 5 million
(50% to 80% of costs), feasibility studies, export finance, credit
guarantee, diagnostics, upgrading, training, export promotion
support, …etc
•
Soft loans: up to 80% of project budget extending from US$
100,000 up to 100 million, with interest from zero to less than
commercial rate, both fixed and floating, both in euro/$ or local
currency, with grace periods from 1 up to 8 years and maturity
from 5 up to 15 years (sovereign loans are 0.75% interest, grace
10 years, and maturity 40 years)
Where The Mediterranean Blue was awarded
and Grants Presented
EC, Germany, Italy, USAID, Netherlands, IMC and RDI
and Billions of Lines of Credit
Vice presidents of EIB, KfW and AFD
and Non Banking Instruments
Ahmed Heikal in his keynote address announcing the new € 500
million fund
And we continued
An Annual Initiative Sourcing all
Donor Programmes
MEDA Finance 2014 Survey
Grants, Technical Assistance and Lines of Credit for the
Euro-Mediterranean Region
Version 2
Conducted by
Capitalizing between all EU Projects
oject financed by the European Union, the MedAlliance and the local authorities of Marseille - PAC
Project implementation by the MedAlliance consortium under ANIMA coordination
Cultural and Sustainable Tourism
UMAYYAD:
Improvement of Mediterranean territorial cohesion through setup of a tourist-cultural
itinerary
Objective: To contribute to the improvement of territorial cohesion in order to overcome
the seasonal misbalances in tourism sector within the Mediterranean territory through
promotion of sustainable tourism based on synergies derived from the design of a cultural
itinerary focusing on the Umayyad heritage.
Budget: 4,153,653€
Duration: 36 months
Cultural and Sustainable Tourism
GOALS:
Governance for achieving local strategies for Tourism
Objective: GOALS will focus on sustainability of tourism policies that entails not only
institutional cooperation between public administrations but also coordination with
economic sectors, social involvement and skilled technical backing: it requires a very
structured governance, matching territorial, economic, cultural, social planning.
Budget: 1,600,000€
Duration: 12 months
Investment Promotion
EUROMED Invest
Objective: To boost the private business and investment within the Euromed area to
contribute to an inclusive economic development of the region, focusing on the Tourism,
Transport & Logistics, Water & Green Energies, Cultural & Creative, and Agrifood sectors.
Budget: 5,000,000€
Duration: 36 months
Renewable Energies
FOSTEr in MED:
Fostering solar technology in the Mediterranean Area
Objective: To transfer Knowhow in the solar energy field, to implement a shared design
methodology and to promote solar energy innovative technologies at civil society level, with
a specific focus on Building Integrated Photo-Voltaic energy.
Budget: 4,500,000€
Duration: 36 months
Renewable Energies
SHAAMS:
Strategic Hubs for the analysis and acceleration of the Mediterranean Solar Sector
Objective: SHAAMS project aims at raising public awareness on solar energy through the
transferability and implementation of good practices in legal, regulatory, economic,
organisational issues and financing mechanisms, to facilitate the take up of solar
technologies.
Budget: 3,200,344€
Duration: 36 months
Renewable Energies
STS MED:
Small scale thermal solar district units for Mediterranean communities
Objective: To facilitate the adoption of Concentrated Solar small scale integrated systems in
the Mediterranean basin with a focus on the development of a flexible toolbox of CS
applications by demonstrating their effectiveness in public building and premises.
Budget: 4,953,512€
Duration: 36 months
Renewable Energies
FIREMED:
Innovative financial instruments to support energy sector SMEs in MED area
Objective: FIREMED will assist Energy Sector SMEs in the Mediterranean Region by
proposing innovative financial instruments and innovative services, as well as improving
matching between SMEs’ need of finance and the investors seeking strategic investments. It
will build on the existing support structures of local economies, ensuring an interface
between companies, industrial networks and clusters, public and private financial operators,
as well as local communities.
Budget: 1,919,157.98€
Duration: 26 months
Renewable Energies
GR.ENE.CO:
Green Energy for Green Companies
Objective: This project aims to contribute to the reduction of the use of non-renewable
energy sources, in favor of renewable energy sources in the Mediterranean sea basin.
Budget: 1,997,175€
Duration: 12 months
Waste Treatment and Recycling
GMI:
The Green Med Initiative
Objective: The GMI project will encourage the involvement of companies in the
development of an integrated and environmentally sound waste management system
focusing on activities directed to the youth, specifically through the piloting of “Reverse
Vending Machines” in order to encourage recycling.
Budget: 4,126,872€
Duration: 36 months
Waste Treatment and Recycling
MED- 3r:
Strategic Euro-Mediterranean Platform for Appropriate Waste Management
Objective: The objective of the project MED-3R is to reinforce the governance and
participation of public authorities, industrial, commercial and education sectors, NGOs and
the general public, in order to improve the industrial framework for waste management.
Budget: 4,787,062€
Duration: 36 months
Agrifood and Traditional Foodstuffs
LACTIMED:
Local Agro-Clusters for typical and innovative Mediterranean Dairy
Objective: This project aims to foster the production and distribution of typical and
innovative dairy products in the Mediterranean by organising local value chains, supporting
producers in their development projects and creating new markets for their products. In the
end, it will lead to the creation of the mediterranean network of dairy clusters.
Budget: 4,836,442€
Duration: 30 months
Agrifood and Traditional Foodstuffs
E.H.P.P.C. – Med:
Enhancing horticultural perishable products circulation among the Mediterranean territories
Objective: the E.H.P.P.C. - Med project focuses on the modernization of border points
through the introduction of an ‘Information and Communication Technologies’ (ICT) tool as
well as of new harmonized and shared procedures able to facilitate producers and
exporters in obtaining and transmitting in real time and easily the documents and
certificates required for the horticultural perishable products’ export.
Budget: 1,400,000€
Duration: 24 months
Agrifood and Traditional Foodstuffs
SLOWMED:
Slow food as a means of dialogue in Mediterranean Contexts
Objective: To encourage the Mediterranean culinary heritage preservation and
conservation; to promote the recognition of food as a form of cultural and artistic
expression; to foster nutrition education based on the Mediterranean culinary heritage.
Budget: 1,054,598€
Duration: 12 months
Agrifood and Traditional Foodstuffs
MedDiet:
Mediterranean Diet and Enhancement of Traditional Foodstuff
Objective: To protect and safeguard the Mediterranean diet, as an integral part of our
lifestyle and a vehicle for the development, stability and solidarity in the Mediterranean
Basin.
Budget: 4,996,972.82€
Duration: 36 months
Textile Industry
SUSTEXNET:
Sustainable Textile Mediterranean Network
Objective: SUSTEXNET aims to create a sustainable Textile Mediterranean Network, in order
to minimise the industry´s environmental impact and to maximise its quality and
productivity
Budget: 1,489,229,16€
Duration: 12 months
Textile Industry
TEX MED:
Innovative cross-border approaches for textile and clothing closers co-development in the
Mediterranean basin
Objective: To increase the quantity of links, partnerships and cooperation initiatives among
the Textile and clothing industries; to speed up an industry evolution toward an integrated
T/C Med system to replace the old ¨delocalisation & subcontracting¨ model with a more
advanced and balanced ¨multi-localisation & co-contracting model.
Budget: 2,000,000€
Duration: 24 months
Intergenerational learning
PRIME:
Promoting Intergenerational learning in Mediterranean countries
Objective: To foster intergenerational learning within gold/silversmiths; to develop
transferable mentoring schemes for intergenerational learning and transfer of core skills in
the gold/silversmithing and gemmology sectors.
Budget: 819.071€
Duration: 24 months
Employment Creation & Mobility
EGREJOB:
Euro-Mediterranean GREen JOBs
Objective: To build a Euro-Mediterranean incubation system of skills in the field of green
jobs through a process based on multi-stakeholders engagement, a standardized training
path and a common certification scheme of “green” skills
Budget: € 1.763.959
Duration: 24 months
Employment Creation & Mobility
MED-MOBIL:
Mobility and Cultural Exchange
Objective: MED-MOBIL intends to create a framework of cooperation aiming to facilitate the
exchange of students, professionals and young entrepreneurs in the Mediterranean area by
supporting future regulations and improving and consolidating existing programmes and
initiatives.
Budget: 1,560,000€
Duration: 24 months
Diasporas
MedGeneration:
Mobilisation of economic Diasporas for the Mediterranean countries development
Objective: The project MedGeneration aims to mobilise economic diasporas for the creation
of successful companies and the attraction of entrepreneurs in southern Mediterranean
countries, while guiding the creation of policies for attracting investment targeted at specific
diaspors.
Budget: 1,928,567€
Duration: 24 months
Local Economic Development
EDILE:
Economic development through inclusive and local empowerment
Objective: To enhance the capacities of local authorities & economic bodies in assessing &
improving investment projects, using an innovative process mixing case studies, design of
assessment tools, dialogue with enterprises & civil society and practical search for higher
social benefits.
Budget: 1,928,567€
Duration: 24 months
Transport & Logistics
OPTIMED:
Rationalising Mediterranean Sea Ways: from Southern-Eastern to Northern-Western ports
Objective: To optimize the maritime trade network between the northern shores of the high
Tyrrhenian arc and the southern-eastern shores of the Mediterranean sea, creating an
innovative virtual logistics platform structured around ports strengthened as Roll on – Roll
Off (Ro-Ro) hubs.
Budget: 1,999,481€
Duration: 24 months
For a better Mediterranean
once more
Capitalize with us, in a tradition that
is summarized in the following words
of ancient Egyptian wisdom:
“Rig your Boat, travel near and far,
look for a wise partner,
knock his door, seek his knowledge,
welcome him in your home,
this is how your people will prosper”
Amenophet, 2,000 B.C.