Mission and Goals


Fund Manager of Financial Instruments in Bulgaria EAD (FMFIB) operates as a Fund of Funds (FoF); it allocates targeted public funds from European Union programmes and national co-financing, using special financing schemes (financial instruments).

The FMFIB’s mission is to

  • ensure efficient use of EU financial resources;
  • create a more favourable business environment, promote employment and economic development in Bulgaria;
  • provide enhanced access to financial resources for the private and public sectors in Bulgaria by applying innovative and flexible forms of financing;
  • support business competitiveness and sustainability;
  • provide opportunities for development of innovative business ideas;
  • assist projects with a growth potential;
  • improve the quality of life in towns and regions.

The FMFIB has the goals to

  • leverage public resources by mobilising additional private capital;
  • achieve economies of scale;
  • ensure sustainability in fund management by applying corporate practices of proven efficiency and a prudential approach, taking into consideration inherent risks;
  • build capacity to manage financial instruments at the national level in order to overcome Bulgaria’s dependence on external expertise in that area.