Flavia Palanza_EIB-FEMIP_0.pdf
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Transcript of 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
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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.
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Significant Potential for Microfinance in MENA
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… but limited access
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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.
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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.
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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
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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.
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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.
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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.
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Strategic Focus Areas
� Transformation of MFIs.
� Policy and capacity building support.
� Not volume, but impact.
� Complementarity.
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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!
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