G-8 Leaders met today at Camp David to carry forward the work of 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. The Partnership intends to deepen its focus on country-level engagement and has negotiated actions with the countries on open governance and participation.
In response to the needs and priorities signaled by these countries, the Partnership’s open governance/participation agenda will focus on initiatives designed to foster rule of law, enhance citizen confidence in democratic institutions and combat impunity, which are essential to attract investment, foster local economic development and job creation and combat corruption. These factors, in turn, will serve to maximize economic growth.
The open governance action plan builds upon the President’s leadership in the G-8 Summit and the Deauville Partnership. Over the next 12 months, the United States will partner with the G-8, Deauville Partner countries, Tunisia, Libya, Morocco, Jordan, and Egypt to:
Foster Greater Civic Participation in Newly Democratic States
Establish a Financial Services Advisory Corps (FSAC)
Set the Regulatory Framework to Prevent Corruption:
 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.