Mediterranean and Middle East

In Southern and Eastern Mediterranean countries, the aim of Proparco's operations is to support local productive bases via direct or indirect SME financing and job creation.

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©Oriane Zerah (14)

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Introduction
Proparco's action

Introduction

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©Proparco

Fragile states

Mediterranean countries are suffering from considerable weaknesses: high levels of territorial inequalities between coastal and inland regions, high youth unemployment rates, particularly due to insufficient higher education and vocational training provision that does not match labor market needs, limited access to credit for small and medium-sized enterprises (SMEs), which are deemed too risky… There are, in addition, major challenges related to natural resources management, particularly for water.

Proparco promotes social and vocational integration, particularly for young people, and better living conditions for populations by financing projects that contribute to improving the provision of healthcare, education and vocational training.

It also finances initiatives for energy security and transition in the region’s countries, especially via renewable energies.

Proparco's action

©Yosr Hmam

Unleash the potential of SMEs and create employment

The economic transition of Mediterranean and Middle Eastern countries requires developing the private sector in order to promote job creation and build growth that benefits all, especially young people.

To this end, and in order to contribute to the objectives of the Deauville Partnership and to the priorities of France’s cooperation policy , Proparco focuses its financing on strengthening local productive bases and creating employment. This strategy leads to support for:

SMEs in high-potential economic sectors that create high-quality jobs, particularly in industry and service sectors;

Improving access to health services and their quality (upgrading of hospitals, creation of medical equipment and material companies and pharmaceutical laboratories for drug manufacturing…);

Strengthening private education provision, mainly for higher education (creation of engineering schools…);

Developing vocational training to allow young people to acquire skills that meet labor market needs and facilitate their social and vocational integration;