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TunisiaEU project launches label for responsible investment in the Mediterranean
November 4, 2015
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In order to encourage inclusive investments in the Southern Mediterranean, the partners of the EU-funded project ‘Economic Development through inclusive and local employment’ (EDILE), implemented under the CBCMed programme, have designed a Mediterranean label to evaluate the actual impact of foreign investments on local economies.
The EDILE label allows to detect and enhance positive investments in four key areas: economic (contribution to local economy), social (respect and promotion of employees), environmental (respect for natural resources) and community (local value creation). The toolkit developed by the EDILE project is currently being tested on real operations with a view to assess the local benefits of foreign investments in Lebanon, Palestine and Tunisia.
The projects with the most positive impact on local economies will be awarded the EDILE label during a ceremony today in Marseille, on the occasion of the Mediterranean Economic Week.
The EDILE project (Economic Development through Inclusive and Local Empowerment) aims at enhancing the inclusive development of local economies thanks to the optimisation of investment projects. The project provides economic bodies in charge of regulating or implementing investment projects with evaluation tools and guidance which will help them to maximise local economic spillovers such as job creation, subcontracting and environment conservation. Forty actions are planned in Lebanon, Palestine and Tunisia under the project.
The ENPI CBC Mediterranean Sea Basin Programme 2007/2013 is a multilateral cross-border cooperation programme funded by the European Union under the European Neighbourhood and Partnership Instrument. It aims at reinforcing cooperation between the EU and partner countries’ regions located along the shores of the Mediterranean Sea. (EU Neighbourhood Info)
Read more
EDILE project website and fact sheet
ENPI CBCMED – website
Cross-border cooperation – fiche
EU Neighbourhood Info Centre interview – Working across borders to bring people together
