EVENT REPORT | How urgent it is for Europe to play an active role in the stability and prosperity of the Mediterranean region? (January 13)

The Inaugural Mediterranean Growth Initiative Report

The Mediterranean Growth Initiative (MGI) is a stakeholder platform supporting institutional and private sector thinking and doing around the Mediterranean.

Information and commentary from a Mediterranean regional lens is missing, though many of these economies have strong links, which have existed through history. The MGI rests on two key pillars: understanding the region and its potential using data and analysis, and bringing together key decision-makers and investors at seminars and conferences. To this end, the inaugural MGI economic indicators report was launched in Brussels on January 13th 2016. The report utilizes the latest data and in-depth analysis to track and benchmark performance in key strands of political, economic and societal progress, such as migration, trade and governance. It is the first of its kind, aggregating data for the region and for each of the 20 countries that share the shores of the Mediterranean sea. The indicators in the report serve as the basis for trustworthy and relevant information for investors and policy makers.

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Download the MGI Report here




How urgent it is for Europe to play an active role in the stability and prosperity of the Mediterranean region?

We are most pleased to invite you to participate in an evening of discussion on the role of Europe in the stability and prosperity of the Mediterranean region with our distinguished speakers Mr Roberto Ridolfi, Director for Sustainable Growth and Development, European Commission, DG DEVCO, Mr Bruno Denis, Head of Division, Public Sector/South, Neighbouring Countries Department, European Investment Bank, Mr Adel Baba-Aissa, Managing Director of Renewable Energy Partner and Mr Philippe de Fontaine Vive, European Investment Bank Honorary Vice-President.

Mrs Cleopatra Kitti, Chair of LITUS and founder of the Mediterranean Growth Initiative (MGI) and Dr Nasser Saidi, President, Nasser Saidi and Associates will respectively hold an introductory and a preface speech, while Mr Nick Spyropoulos, Director, Alma Economics, will present the key findings of the MGI report.

The debate will be moderated by Jacki Davis, journalist and moderator

This event was organised in partnership with

About the debate

The Mediterranean sea is bordered by twenty countries, which together account for 7% of world population and 10% of world GDP. The wealthy European countries occupying its northern shores, many now finally starting to emerge from a period of economic turmoil, enjoy a strong democratic tradition but are also characterised by an ageing population, sluggish growth rates, and weaker economic prospects. The less economically developed nations of the region in North Africa, South Eastern Europe and the Levant present almost a mirror image: young populations, political systems in transition, and impressive growth potential.

The launch of the Juncker Plan has kept economic performance and investment firmly at the top of the EU agenda. With GDP growth in countries in North Africa and the Levant forecast to stay above 4% -higher than the global average – in coming years and growth among the EU member states in the region expected to remain at the best at 2%, there is a clear economic opportunity for Europe.

Despite strong complementarities, common needs, and a long shared history, at the moment there is relatively little cooperation between Med countries at either the economic or political level: intra-Med trade accounts for less than a third of all trade Mediterranean countries engage in, and there are not enough political fora and initiatives aiming at closer political interaction.

Closer cooperation between Mediterranean countries and its positive effects on economic growth and stability may be secured by a renewed attention of the EU towards the region, notably by enhancing access to capital and sustaining good governance in order to empower both the private and the public sector to invest in education, infrastructure and innovation.

What impact can closer co-operation between Med countries have, and what does the EU stand to gain economically and also politically? How urgent is it for the European Union to play an active role to support growth, stability and the prosperity of the Mediterranean region?

The event will commence with a welcome drink at 6h00 pm, followed by a debate at 6h30 pm. After the debate there will be an opportunity for questions and discussions.

We look forward to seeing you at 6h00 pm on the 13th of January at Science14 Atrium, rue de la science 14-B, Brussels.

All our debates are followed by a drink in a convivial atmosphere.