Friday, 28 March 2008

Generalitat antes up in Magreb

The Generalitat as been a big promoter of the EU's Euro-Mediterranean Partnership, designed to build closer ties between Europe and the non-EU countries bordering the Mediterranean, but now it is putting its money where its mouth is.
Behind its investment arm, the Institut Català de Finances (ICF), the Catalan government is one of the three largest partners in a new venture capital fund, Fons Mediterrània Capital (Mediterranean Capital Fund), that plans to invest up to €100 million in the Magreb countries of Morocco, Algeria and Tunisia. (Full story in printed edition).