Highlights

The second meeting of the executive Committee of Deauville partnership Transition Fund : 21/02/2013

The second meeting of the executive Committee of Deauville partnership Transition Fund

The second meeting of the executive Committee of Deauville partnership Transition Fundwas held Wednesday, February 20th2013 in Rabat. The objective of this Committee is to review projects submitted for assessment and approval.

Were present at this meeting 70 experts representing thetransition fund, the donor countries, the MENA Region countries, the World Bank, as well as various international and regional financial institutions

At the opening session of the meeting, Mr. Khalid Safir, Secretary General of the Ministry of Economy and Finance, stressed the importance of Deauville partnership in a difficult economic and political climate in a number of countries of the Region.

At the opening session of the meeting, Mr. Khalid Safir, Secretary General of the Ministry of Economy and Finance, stressed the importance of Deauville partnership in a difficult economic and political climate in a number of countries of the Region.

These projects cover priority areas relating in particular to the creation of jobs, development of micro, small and medium sized businesses, micro-finance, governance, public-private partnership and transport.

The British Ambassador in Rabat, Mr. Clive Alderton expressed his country`s determination to make use of the G8 British presidency of Deauville Partnership this year to find ways to provide practical support, leading to concrete results, whichcan assist partner countries in the region and, through them, the rest of the world to boost their economies and progress towards prosperity.

To be noted that the implementation of the financial component of the Deauville partnership resulted in the launch of transition fund of $ 250 million dollars intended to provide grants for technical assistance operations for six transition countries: Egypt, Libya, Jordan, Morocco, Tunisia and Yemen.

These technical assistance activities relate to four areas:

  • Sustainable growth
  • Inclusive development and job creation
  • economic governance and competitiveness and integration

The Executive Committee of the Transition Fund consists of representatives from countries in transition and ten international financial institutions.

It should be notedthat the first meeting of the Executive Committee was held in Amman December 11th2012 during which two projects in Jordan and Yemen have been approved.