for Foreign Affairs and Security Policy and Vice-President of the European Commission, and Ayman Safadi, Minister of Foreign Affairs of Jordan, and hosted by Josep Borrell, Minister of Foreign Affairs of Spain and Nasser Kamel, the UfM Secretary General. Regional projects Via the process of ‘’labelisation,’’ the UFM supports projects that address common regional challenges that are likely to have a direct impact on the lives of citizens. The UfM label guarantees regional recognition and visibility for the selected projects. It also gives them access to funding opportunities through the network of financial partners of the UfM. The main added value of the UfM lies in the interrelation created between the policy dimension and its operational translation into concrete projects on the ground, which in return nourishes the definition of relevant policies through a multi-stakeholder approach. The adoption of projects on the ground follows the principle of "variable geometry", providing a degree of flexibility by which a smaller number of countries may decide, with the approval of all, to cooperate and participate in projects of common interest. In December 2015, 37 projects were labeled by the UfM. As of June 2018, more than 50 projects were labeled by the UfM. Human Development After a consultation process with stakeholders, the UfM launched in 2013 a regional initiative (Med4Jobs) that defines the priorities of intervention in terms of employability, intermediary services and job creation in the region, under which specific projects are developed. By 2015, the secretariat of the UfM had labeled 13 projects addressing the challenges of youth employability and inclusive growth. Framed by the political mandate and the priorities expressed in regional dialogues, these projects target 200,000 beneficiaries, mostly young people, and involve over 1,000 small and medium private enterprises. On Women empowerment, it had also labeled 10 projects benefiting over 50,000 women in the Euro-Mediterranean region, this with the participation of over 1000 shareholders and with a budget of over 127 million euros. The specific focus on Youth employability and Women empowerment is in line with the UfM's aim at reinforcing human capital in the region, which is the key issue for stability and security in the region. As of June 2018, the UfM has 28 labelled projects addressing the regional Human Development pillar. Business Development and Employment Developing Youth Employability & Entrepreneurial Skills – Maharat MED Mediterranean Entrepreneurship Network Promoting Financial Inclusion via Mobile Financial Services in the