Mediterranean Investment Initiative
The Caisse des Dépôts et des Consignations française (CDC), Caisse de Dépôt et de Gestion du Maroc (CDG) and IPEMED jointly launched the “Mediterranean Investment Initiative” (2IM) in March 2009. The objective of this initiative is to evaluate together opportunities and obstacles to investment in the Mediterranean and regularly present its conclusions to two dozen long-term public and private investors, as well as to development finance institutions from European countries, south and east Mediterranean countries (SEMCs) and the Gulf states.
1. Economic links between the two sides of the Mediterranean fall short of the region’s potential.
2. Confidence is crucial to developing investment in the Mediterranean.
3. SEMCs should develop appropriate financial tools, perhaps even a regional institution, to ensure a regular flow of investments into this strategic zone.
1- Create a Mediterranean development bank
2- Draw up a legal framework to secure and guarantee investments
3- Put in place gurantee funds for the financing of infrastructure and SMEs
1- Set up two workgroups (financial and legal)
2- Set up a steering committee to validate recommendations and hypotheses
3- Organize plenary meetings to present proposals to public and private investors
13/09/2009: launch of the study in Paris
25/02/2010: presentation of the evaluation and work approach in Rabat
16/03/2011: presentation of proposals in Barcelona
Consultant
ipemed.coop