Paris, April 12, 2012
Excerpt from the daily press briefing by Bernard Valero, French Ministry of Foreign Affairs’ spokesman (Paris, 12th April 2012)
G8 – Deauville Partnership (April 11 to 12)
Mr. Alain Juppé underscored France’s commitment to the democratic transitions in the Arab world at the G8 Foreign Ministers Meeting which opened yesterday in Washington.
This long-term Partnership relies on the mobilization of international funding and mechanisms in 3 areas :
“governance,” coordinated by the OECD,
“finance,” coordinated by the African Development Bank,
“trade,” aimed at encouraging the conclusion of trade agreements which promote the integration of these countries into the global and regional economy.
The Partnership is also involved in the decision to extend the mandate of the European Bank for Reconstruction and Development (EBRD) to the southern shore of the Mediterranean. Tunisia and Jordan will therefore join Morocco and Egypt as members of the EBRD, thereby opening up prospects for financial support for the private sector in these countries, in particular for SMEs.
Total funding announced within the framework of the Deauville Partnership amounts to $70 billion (in loans and budgetary aid) : $38 billion from international financial institutions and $32 billion in bilateral aid.
France announced that it would provide €2.7 billion in funding over the period 2011-2013 for the partner countries, of which 1.1 billion was disbursed on January 31, 2012, representing 40% of the total earmarked for the period.
This political support goes hand in hand with strong economic support through the Deauville Partnership. This Partnership was launched by the French presidency of the G8 in 2011 and brings together the 8 countries of the G8, the European Union, 5 regional powers – Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Turkey – and the 5 partner countries : Tunisia, Egypt, Morocco, Jordan, and since September 20, 2011, Libya. Several international organizations also play a role : the United Nations, the OECD, the Arab League, the Union for the Mediterranean, the OIF, the UNDP, as well as the major international financial institutions.
During this Foreign Ministers Meeting, the Ministre d’Etat commended the dynamism and commitment demonstrated by the American presidency of the G8 in continuing the efforts undertaken.