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...