Simest, in collaboration with the Italian Ministry of Foreign Affairs and the Ministry of Economic Development, is developing a new international financial mechanism for the Mediterranean region, specifically designed to fill the current gap of international and national financial resources tagged for the private sector development

The “Mediterranean Partnership Fund” will be focusing in particular on the Small and Medium Enterprises, recognized as the backbone of the development and economic growth of the MENA region's countries. It will connect the SMEs growth primarily to the export chain with a particular attention given to employment generating activities and the development of entrepreneurship.