Med Bank Network at the Euro Med programme

For the second year, Mediterranean Bank Network (MBN) joined the panel of experts and authorities addressing the 'Regional Programme for the Promotion of Instruments and Mechanisms of the Euro-Mediterranean Market', a project funded by the European Union.

The banking association presented its views on privatisation of the sector and put forward recommendations for encouragement of foreign direct investment and fostering of south-south co-operation.

The three-day event in Luxembourg and attended by representatives of central banks and ministries of finance within the MEDA region, aimed at promoting a common approach towards legislation, procedures, enforcement in the field of financial services and consolidating a network of expertise on financial services in the Euro-Mediterranean area.

MEDA is the EU's principle financial instrument for the implementation of the Mediterranean union.

It offers technical and financial support measures to accompany the reform of economic and social structure among Mediterranean partners.

Established in 1996, Mediterranean Bank Network is a banking association represented in 13 Mediterranean countries. Malta has been chosen as its headquarters due to its proximity, language and neutrality.

For more information see www.medbanknet.com.