Deauville Partnership Senior Officials’ Conference on Economic Governance and Human Capital Development
Economic governance, policy reforms and human capital development in Arab Countries in Transition: these were the themes at the center of the first Deauville Partnership Senior Officials’ Meeting (SOM) under Italy’s G7 Presidency, which took place in Paris at the OECD headquarters on 30 May 2017.
The Deauville Partnership was launched in 2011 under the French G8 Presidency as a response to the historical changes underway in several Middle East and North Africa (MENA) countries. The Partnership currently remains an important forum for policy dialogue and cooperation between G7 countries, Arab Countries in Transition – ACTs (Egypt, Jordan, Libya, Morocco, Tunisia and Yemen), regional partner countries (Saudi Arabia, United Arab Emirates, Kuwait, Qatar and Turkey), international financial institutions and relevant international organizations.
However, since the launch of the Partnership in 2011, the situation in the MENA region has changed drastically, and the ACTs are currently faced with new political and economic challenges, due to the instability caused by extremism, conflicts and the ongoing humanitarian crises. For this reason, the Italian G7 Presidency intends to give a new impetus to the Deauville Partnership, by enhancing the focus on economic governance, policy reforms and human capital development in ACTs – which were precisely the themes discussed during the last Senior Officials’ Meeting.
In fact, during the meeting in Paris, participants underscored that economic governance reforms and robust civil society participation in the political and economic life of society are critical to democracy and stability. At the same time, they welcomed the Italian Presidency’s renewed attention to women and youth empowerment. Lastly, recognizing the importance of human capital development for economic and social transitions in ACTs, participants adopted ad referendum a “Deauville Partnership Strategic Framework for the Development of Human Capital”, which provides a set of principles to promote sustainable and inclusive growth in ACTs through sound human capital policies.