Set up an integrated financial area
The investment needs of countries in the Mediterranean basin are considerable. The McKinsey consultancy firm evaluates the 5-year cost of current public projects as EUR 200 billion across nine sectors. In addition, support is required to create 50 million jobs in SEMCs from now to 2020. Yet, despite significant funding requirements, the region does not offer a secure legal framework for investors. Moreover, investments are insufficiently oriented towards production sectors, less-developed regions, SMEs and infrastructure projects, and target too few long-term projects, which could be financed by local stock markets provided they have sufficient economic anchorage.
This is the subject of current exploration and debate at IPEMED.