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THIQAH Newsletter | Issue 1 | Quarter 4 - 2013
THIQAH is providing technical and administrative support to the IDB-hosted
Secretariat of the G8 Deauville Partnership IFI Coordination Platform in
addition to organizing the planned investment conferences related to the
Deauville Partnership.
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
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 umbrella 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.
