About

G8 Deauville Partnership IFI Coordination Platform

This website provides information about the G8 Deauville Partnership Investment Conference & Regional Forums. Islamic Development Bank Group (IDB Group) for this year is chairing the Secretariat of the G8 Deauville Partnership IFI Coordination Platform, and as such is trying to make a concerted effort with its partners to assist its Arab transition member countries that are also members of the Deauville Partnership (Morocco, Tunisia, Libya, Egypt, Jordan and Yemen) in building an enabling investment environment that would be conducive toward attracting more FDI inflows. The IDB Group is planning to have a set of in-country investment events under the umberalla of G8 - Deauville Partnership with representatives from across the G8 Deauville Partnership Presidency, the Arab Countries in transition and Deauville regional partners (Saudi Arabia, Qatar, Kuwait, UAE and Turkey) along with leaders of the International Financial Institutions (IFIs). The IDB Group envisage achieving this objective through providing transition countries with the opportunity to present their investment policies and ongoing reforms to remove barriers to FDI and to showcase their investment sectors. The ultimate objective of building such enabling investment environment in the Arab transition countries is to provide more confidence to local and foreign investors and provide better market access to these countries. The renewed investment and availing of available investment opportunities will support the economic and social development and will create more job opportunities, particularly for the youth.

FCO Minister Alistair Burt discusses the G8 Deauville Partnership with Arab Countries in Transition

About G8 Deauville Partnership

Background
 
The participating International Financial Institutions (IFIs) and OECD endorsed the economic framework of the “Deauville Partnership” (G8 Summit, Deauville, May 26-27, 2011). The framework aims to support partnership countries in the Middle East and North Africa (MENA) in following areas:
  • Governance, Transparency and Accountability
  • Social and Economic Inclusion
  • Economic Modernization and Job Creation
  • Private Sector-led Growth
  • Regional and Global Integration
In the wake of the recent wave of change in MENA, ten IFIs agreed, during the G8 Finance Ministers meeting (Marseille, France, September 10, 2011), to set up a joint coordination platform to facilitate joint operations and maximize synergies among institutions in the region. The Platform objectives are:
  • Information sharing and coordination of activities among IFIs
  • Pro-active identification of joint projects, policy and analytical work
  • Regular development of knowledge products
  • Regular monitoring and reporting on joint-operations in the region
Building on the country plans, IFIs are working together to help restore macroeconomic stability, social cohesion and more equitable growth in the Arab transition countries by focusing on: 
  • Inclusive, with all participants on an equal footing;
  • Country-led, driven by plans developed by the Partnership Countries themselves and
  • Coordinated to ensure the effectiveness of international community's response.

Deauville Partnership Activities

The G8 Chair sets priorities for the Deauville Partnership, this being the UK which intend to simplify Deauville activity by reverting to a two-track model, one covering governance issues and the other finance, with Trade being covered under both the governance and the finance tracks.  
 
The key areas of work that will be taken forward under the Governance Track are: investment and trade issues, including through holding a major investment conference in London; supporting SMEs though prioritisation of Action Plan recommendations and a SME mentoring initiative; highlighting the value of women’s role in the economy through an event in London; and continuing asset recovery work. 
 
Under the Finance Track the priorities are: providing technical assistance and other support through the Transition Fund; ensuring ratification of the European Bank of Reconstruction and Development (EBRD) mandate to allow extension of EBRD operations to transition countries, helping to remove barriers to trade for transition countries, and improving access to capital markets for transition countries Governments and businesses. 

Joint Initiatives

  • SME access to finance
  • Local currency capital market
  • Risk Guarantees
  • AFFI – Arab Financing Facility for Infrastructure
  • MENA concentrated Solar Panel Scale-Up Initiative
  • Education for Employment (E4E)
  • IFC MENA Fund
  • Transition Fund