IBRD Trust Funds - World Bank

Published purpose

The purpose of the Middle East and North Africa Transition Fund is to help countries in the Middle East and North Africa strengthen their governance, social, and economic institutions, and plan and implement locally-led reforms. Created in April 2012 and managed by the World Bank, the Fund supports projects that provide technical training and expertise to local stakeholders and promote knowledge exchanges between international financial institutions, countries in the Middle East and North Africa and donors. The Fund aims to provide grants to public and private institutions in five countries in the region (Egypt, Jordan, Libya, Morocco and Tunisia) for projects in the following areas: (a) investments in sustainable growth; (b) inclusive development and job creation; (c) enhanced economic governance; and (d) trade competitiveness and integration. The Fund is an initiative of the Deauville Partnership with Arab Countries in Transition. The Deauville Partnership is a long-term, global partnership that was established in 2011 to respond to the historic changes in some of the countries in the Middle East and North Africa region. It aims to help these countries by supporting their transition to democracy, strengthening governance, fostering economic and social inclusion, creating jobs, supporting private sector-led growth, and advancing regional and global integration.