G-8 Leaders met today at Camp David to carry forward the work of the Deauville Partnership with Arab Countries in Transition, which was launched as a long-term, enduring partnership to respond to the historic changes in some of the countries in the Middle East and North Africa region. One year ago, the G-8 launched the Deauville Partnership with Arab Countries in Transition to support the democratic transition and to strengthen governance, foster economic and social inclusion, create jobs, support private sector-led growth, and advance regional and global integration. Progress towards these objectives is more important than ever.
At the G-8 Summit, President Obama and other G-8 Leaders adopted an ambitious Asset Recovery Action Plan for cooperation with transition countries in the Middle East, focusing on facilitating recovery of the proceeds of corruption stowed abroad. The Action Plan signals the G-8’s highest level political commitment to cooperate on asset recovery.
Corruption was a rallying issue of the Arab Spring, and asset recovery is high on the agenda of the new governments and their citizens. Concerted international effort to pursue stolen assets fights impunity, but requires cooperation from both countries requesting assistance and those which may have jurisdiction over stolen assets. Egypt, Libya, and Tunisia have requested assistance from the United States and other G-8 partners to recoup assets. To foster reciprocal cooperation, the Action Plan contains negotiated undertakings by both the G-8 and the transition countries.
Each G-8 member will:
Seek to give priority to transition countries’ requests for case assistance.
Transition countries will:
The United States is a leader in the area of cooperation on asset recovery. The U.S. supports diplomatic efforts to facilitate asset recovery, such as the UN Convention against Corruption, and provides significant capacity building assistance in this area to countries around the world. The United States has a strong record of providing cooperation in asset recovery cases, an example of which is Attorney General Holder’s 2010 launch of the Kleptocracy Asset Recovery Initiative.
 Countries in the Partnership currently include the five Partnership countries (Egypt, Tunisia, Jordan, Morocco, and Libya), the G-8, Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, and Turkey. The International Financial Institutions include the African Development Bank, the Arab Fund for Economic and Social Development, the Arab Monetary Fund, the European Bank for Reconstruction and Development, the European Investment Bank, the Islamic Development Bank, the International Finance Corporation, the International Monetary Fund, the OPEC Fund for International Development, and the World Bank. The Organization for Economic Co-operation and Development is also a Partnership member.