VOL. XLV

No 10

11-March-2002

REGIONALBANKING

EC ProposesEuro-Med Bank To Invest In 12 Partner Countries

The EuropeanCommission said on 27 February that it has proposed setting up a newEuro-Mediterranean Bank (EMB), which would function as a subsidiary of itsEuropean Investment Bank (EIB), with the primary focus of promoting investmentin the private sector in the European Unions 12 Mediterranean partnercountries (Algeria, Cyprus, Egypt, Israel, Jordan, Lebanon, Malta, Morocco, thePalestinian...