VOL. XLV
No 13
1-April-2002
REGIONAL BANKING
EUTo Set Up Euro-Med Bank As A Facility Within EIB
The EU has announcedit will set up a new Euro-Mediterranean Investment Facility within the EuropeanInvestment Bank (EIB) and decide one year after its launch whether to incorporateit as an EIB majority-owed subsidiary. The decision was made at a meeting ofthe EU Council of Ministers for Economic and Financial Affairs on 14 March. TheEC had initially proposed setting up a new Euro-Mediterranean Bank as...
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