The purpose of this MoU is to initiate and facilitate collaboration and cooperation between the parties in matters of common interest. As the largest multilateral borrower and lender by volume, the European Investment Bank (EIB) provides finance and expertise for sound and sustainable investment projects which contribute to furthering EU policy objectives. The enhanced collaboration among ASCAME and the EIB shall take into due consideration those elements required in order to develop an investment-friendly environment and, thus, foster private sector initiatives in the Mediterranean region, which should be the basis for sound, sustainable and long-lasting economic growth.
