MENA Transition Fund Projects
In 2011, the G8 launched the Deauville Partnership as a long-term, global partnership to respond to the historic changes in several countries in the MENA region, and to provide Arab countries in transition with a framework based on technical support to: (i) strengthen governance for transparent, accountable governments; and (ii) provide an economic framework for sustainable and inclusive growth.
The Deauville Partnership set up the MENA Transition Fund to support the countries in transition and to formulate policies and implement reforms. The Transition Fund demonstrates a joint commitment by G7 members, Gulf and regional partners, and international and regional financial institutions in supporting the efforts of people and governments as they overhaul their economic systems and promote more accountable governance, broad-based, sustainable growth and greater employment opportunities for youth and women.
The MENA-OECD Competitiveness Programme is currently implementing four MENA Transition Fund Projects:
- Jordan Competitiveness and Investment Project
- SME Development Strategy for Libya
- SME policy effectiveness in Jordan
- Enhancing the Investment Climate in Egypt
Enhancing the Investment Climate in Egypt
The Project on “Enhancing the Investment Climate in Egypt” is funded by the MENA Transition Fund of the G8 Deauville Partnership and is implemented jointly by the OECD and the World Bank Group. The OECD supports the Government in designing and implementing reform of the investment policy framework and building capacities of institutions in charge of investment policy, promotion, and services. The World Bank focuses on “Equal Access and Simplified Environment for Investment”.
The project was officially launched on 30 March 2016 with a high-level Conference held in Cairo on “Enhancing the Investment Climate for Competitiveness in Egypt” organised with the Ministry of Investment of Egypt, with 150 participants representing the public and private sectors.
A first technical Workshop on “Investment dispute settlement and prevention” (Cairo, 31 March 2016) for 35 representatives from the Ministries of Investment and Justice was also organised by the OECD, in collaboration with the Ministry of Investment.
- Conference on “Enhancing the Investment Climate for Competitiveness in Egypt”, Cairo, 30 March 2016
- Technical Workshop on “Investment dispute settlement and prevention”, Cairo, 31 March 2016
Jordan Competitiveness and Investment Project
The Jordan Investment and Competitiveness Project is funded by the MENA Transition Fund of the G8 Deauville Partnership, and implemented jointly by the OECD and the World Bank Group.
The Project started in the context of the enactment of the Jordanian Investment Law in October 2014 and the establishment of a new investment promotion agency, the Jordan Investment Commission. It supports the government in implementing investment, legal and institutional reforms with a view of further improving its investment policy framework and building capacities of the institutions responsible for investment policy, promotion, and services, including in a specific sector: renewable energy and energy efficiency.
- First Project Steering Group, September 2014, Amman, Jordan
- Workshop on “Legal Investment Framework: Challenges and the Way Ahead”, 4 March 2015, Amman, Jordan
- Workshop on “The Revision of the regulation on Non-Jordanian Investors”, 20 May 2015, Amman, Jordan
- Second Project Steering Group, 7 October 2015, Amman, Jordan
- OECD/USAID/JIC Workshop on “Boosting Jordan’s Competitiveness: modernising the Legal Framework for Investment”, 24 February 2016, Amman, Jordan
- OECD/USAID/JIC Capacity-building workshop on the Legal Framework for Investment in Jordan: Modernising International Investment Agreements and Investor-State Dispute Settlement Mechanisms
For more information about the MENA-OECD Competitiveness Programme, please contact: MENA.Competitiveness@oecd.org