New initiatives to boost private investment in the Neighbourhood region announced
Two new initiatives to boost private investment in the Neighbourhood region were presented today at the Strategic Board meeting of the Neighbourhood Investment Facility (NIF) in Brussels: "the Investment Security in the Mediterranean Region (ISMED) Support Programme" and "the ISMED Risk and Cost Sharing Toolkit of the NIF"."I welcome the ISMED Support Programme as a concrete example of our good cooperation with the OECD and I am very glad that today we are launching a new toolkit under the Neighbourhood Investment Facility to support private investments in the entire Neighbourhood region. These innovative tools are designed to help our partner countries to attract much needed investments from the private sector for large infrastructure projects more effectively. This should have a positive impact on growth, jobs and the daily life of people in the region", stated Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle on the occasion. The two new initiatives could leverage resources from European Public Finance Institutions and private investors of at least €2 billion for different infrastructure projects in the Neighbourhood region.
More information: Press release