The aim of the partnership is to promote political reform in the countries in transition – Tunisia, Egypt, Morocco, Jordan, Libya and Yemen – and to create an economic framework conducive to sustainable, inclusive growth. Important regional partners (Turkey, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates) are to be involved and coordination with international financial institutions (e.g. International Monetary Fund, World Bank, European Bank for Reconstruction and Development) is to be improved.
Numerous meetings at ministerial and senior officials level have taken place since 2011, as well as a number of high‑level conferences devoted to issues such as good governance, promoting civil society, creating employment, support for small and medium‑sized enterprises, inclusive growth and empowering women.
In May 2015, the G7 and the Deauville partner countries adopted the Deauville Compact on Economic Governance drawn up by the German chairmanship. The Compact contains a comprehensive catalogue of recommendations on socio‑economic reforms and has become a main element of the Deauville Partnership.
The MENA Transition Fund is the Deauville Partnership’s financing instrument. It is supported primarily by the G7 partners (envisaged capitalisation: 250 million US dollars) and serves to back reform projects in the six target countries. To date, 77 projects with total funding of 220 million US dollars have been implemented or launched.
Italy, which is chairing the Deauville Partnership in 2017, has made the development of human capital in the target countries the focus of its agenda.