For the second consecutive year, Mediterranean Bank Network 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.

Mediterranean Bank Network presented an assessment of intra MEDA investment in the financial sector, its views on privatisation of the sector and put forward recommendations for encouragement of Foreign Direct Investment and fostering of South-South Cooperation.

The three-day event, organised in Luxembourg and attended by representatives of central banks and ministries of finance in 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.

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

Member banks include Banco Popolare, Nova Ljubljanska Banka, Banque Internationale Arabe de Tunisie, Commercial International Bank Egypt, Banco Sabadell, Hellenic Bank, Israel Discount Bank, Bank of Jordan and Bank of Valletta. More information about the network and its members is available on the website www.medbanknet.com