5th Euromed finance conf. to be launched on Sunday

CAIRO, June 12 (MENA) - The 5th Euro-Mediterranean Finance Conference, titled "MEDA Finance", will be launched on Sunday, June 16, under the aegis of Prime Minister Moustafa Madbouli.

In a statement on Wednesday, Ahmed el Wakil, the President of the General Federation of Egyptian Chambers of Commerce, said the meeting will discuss mechanisms available for the private sector to promote trade, industry and services in the South Mediterranean region.

This event is backed by EBSOMED (Enhancing Business Support Organizations), he noted.

He added it also aims at helping Business Support Organizations (BSOs) in Europe's Southern Neighborhood Countries to play more active role in developing the private sector, SMEs and entrepreneurs, beefing up exports, luring investments and creating new jobs.

EBSOMED is a project co-financed by the European Union and coordinated by BUSINESSMED (Union of Mediterranean Confederations of Enterprises) as part of a consortium of six partners. More than thirty organizations from 26 countries are also affiliated to the project.

In the framework of EBSOMED, the German Arab Chamber of Industry and Commerce (GACIC) organizes, in collaboration with the Mediterranean Chambers of Commerce and Industry (ASCAME), the Workshop "Donor Funding, Banking and Novel Financial Instruments in the MEDA-Region", to be held in Cairo, Egypt, on June 16-17.

The EBSOMED workshop will capitalize on the achievement of the activity, acting as a regional coordinator for international projects development, linking potential partners from the region.