flavia palanza_eib-femip_0.pdf

[email protected] www.e-mfp.eu

Which strategy for financial inclusion in the MENA region ?

Flavia Palanza, Director, FEMIP Department, EIB

13 November 2013


EIB Presence in MENA: the Facility for Euro-Mediterranean Investment and Partnership (FEMIP)

� FEMIP launched in 2002.

� Geography: Algeria, Morocco, Tunisia, Egypt, Jordan, Palestine, Syria(suspended), Lebanon and Israel.

� EIB Representative Offices in Morocco, Tunisia and Egypt.

� Since 2002: EUR 14.2 bn invested.


Significant Potential for Microfinance in MENA


… but limited access


Key EIB Microfinance Actions in MENA

� Equity, loans and capacity building grants to existing partners, such as ENDA (Tunisia), FONDEP (Morocco), Al Majmoua (Lebanon), but also new partners, notably, ACAD Palestine.

� Importance of strengthening the legal and regulatory environment through the EIB-Luxembourg MicroMed Initiative in Tunisia.

� Studies and research.


EIB Microfinance Investments in FEMIP

� Existing Counterparties: Al Amana, FONDEP, AMSSF, ENDAInterarab Tunisia, Al Majmoua Lebanon, DBACD Egypt, FirstMicrofinance Institution Syria.

� Total signatures: EUR 36m.� New Counterparty: ACAD Microfinance Palestine.


Direct equity investment of USD 1m and capacity building grant alongside ofSIDI (Solidarité Internationale pour le Développement), Grameen CréditAgricole Foundation, and Triple Jump in a transforming Palestinian MFI. EIBcontribution financed by the European Union via the EuropeanNeighbourhood Partnership Instrument (ENPI).

Recent Example: Investment in ACAD Palestine


MicroMed, a microfinance support program for Tunisia

� Joint EIB-Luxembourg initiative. ADA as implementing agent.

� 3 Pillars:1. Creation of the National (Tunisian) Microfinance

Observatory.

2. Reinforcing the capacity of microfinance operators and market development with new products.

3. Improving market infrastructure.


MicroMed: Priorities and Allocation of Resources

� EUR 4mln budget.

� 45% of budget allocated for capacity building and market development.

� Important role for Microfinance Observatory to ensure the collection and dissemination of financial inclusion data.


Studies and Research

� Study on Mobile financial services in Mediterranean Partner Countriesfinanced by the EIB FEMIP Trust Fund (2012).

� Additional studies on ICT incubators, meso and SME finance, impact of private sector development etc. at different stages of completion.


Strategic Focus Areas

� Transformation of MFIs.

� Policy and capacity building support.

� Not volume, but impact.

� Complementarity.


Further details available:www.eib.org/microfinance

Mobile Banking Study 2012:

http://www.eib.org/attachments/country/femip_study_mobile_financial_services_en.pdf

Thank you!

Contact

flavia palanza_eib-femip_0.pdf

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