The year 2011 witnessed upheavals in a number of Arab countries. In response, the G8 launched the Deauville Partnership at its May 2011 summit in Deauville, France. The partnership aims to improve the coordination of international political and financial support for transition processes in Tunisia, Egypt, Libya, Morocco, Jordan and Yemen.
The partnership also works to strengthen links with important regional partners (including Turkey, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates) and to ensure coordination with international financial institutions such as the International Monetary Fund and the World Bank as well as other key international organisations (including the OECD, UNDP, European Bank for Reconstruction and Development, European Investment Bank, Islamic Development Bank and African Development Bank).
Russia holds the G8 Presidency in 2014, which means that it is also chairing the Deauville Partnership this year. The coordination of international financial institutions and development banks is currently being headed up by the European Bank for Reconstruction and Development. The partnership also holds annual meetings of foreign ministers and finance ministers.
The Deauville Partnership places a priority on supporting small and medium sized enterprises (SMEs), strengthening legal frameworks, promoting investment and improving economic opportunities for women. It also places a strong focus on civil society.
Germany will serve as chair of the Deauville Partnership in 2015.