| | Investment Programs
May 2006
Partnership for Financial Excellence Part I
Morocco, Tunisia, Algeria, Egypt, Jordan, Lebanon, Palestinian Territories, Kuwait, Saudi Arabia, Yemen, Oman, Qatar, Bahrain, UAE
Financial Service Volunteer Corps
FY03 $8,241,855
The program provides technical assistance to strengthen the financial systems of countries in the Middle East. It includes regional training promoting dialogue among market participants and supervisory authorities in the region. The training efforts are customized to reflect regional needs such as: bank regulation and training seminars; advanced risk management, underwriting, and credit analysis training for executives of publicly-owned commercial banks; and international and intra-regional exchange programs for banks supervisors and regulators. This training is held in cooperation with regional partners, which may include the Arab Monetary Fund in Abu Dhabi and the Institute of Banking and Finance in Manama, Bahrain. For more information, see http://www.pfe-mena.org/index.htm .
Partnership for Financial Excellence Part II
Morocco, Tunisia, Algeria, Egypt, Jordan, Lebanon, Palestinian Territories, Kuwait, Saudi Arabia, Yemen, Oman, Qatar, Bahrain, UAE
U.S. Department of Treasury
FY03 $3,000,000
The program implements a supervision training program for junior- to mid-level bank supervisory staff. U.S. participants include the U.S. Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Treasury Department. Treasury's Office of Technical Assistance places resident and intermittent advisors throughout the region to provide sustained assistance to ministries of finance and central banks. The advisors focus on government debt and capital markets, financial institutions and regulation, and financial crimes.
Commercial, Judicial, and Legal Reform
Morocco, Tunisia, Algeria, Egypt, Jordan, Lebanon, Palestinian Territories, Kuwait, Saudi Arabia, Yemen, Oman, Qatar, Bahrain, UAE
Commercial Law Development Program
FY03 $3,900,000
FY04 $600,000
The program works to improve the business environment throughout the Middle East by assisting political, judicial, regulatory, and commercial leaders to make improvements to their policies, laws, and organizational structures. The program has conducted a variety of activities, including conferences and short-term consultation programs targeted at judges, lawyers, policymakers, and business leaders throughout the region.
Middle East and North Africa Investment for Development Initiative
Morocco, Tunisia, Algeria, Egypt, Jordan, Lebanon, Palestinian Territories, Kuwait, Saudi Arabia, Yemen, Oman, Qatar, Bahrain, UAE
Organization for Economic Cooperation and Development (OECD)
FY04 $400,000
The key objective of the program is to mobilize investment as a driving force for economic growth and employment in the Middle East and North Africa region. The program supports reform efforts of MENA governments to enhance the investment climate by strengthening country capacity for designing, implementing and monitoring investment policy reforms; creating a network for policy dialogue among investment policy makers from MENA and OECD countries; creating a favorable environment for employment creation through financial sector development; improving intra-governmental policy coordination and cooperation between ministries; and reinforcing the impact of development initiatives supported by international, regional and bilateral funds.
G-8 BMENA Technical Assistance
Morocco, Tunisia, Algeria, Egypt, Jordan, Lebanon, Palestinian Territories, Kuwait, Saudi Arabia, Yemen, Oman, Qatar, Bahrain, UAE
International Finance Corporation
FY04 $15,000,000
This program merges two existing facilities--the North Africa Enterprise Development Facility and the Private Enterprise Partnership for the Middle East--into a new facility called the Private Enterprise Partnership for the Greater Middle East and North Africa (PEP-MENA). The facility provides a diverse range of technical assistance activities, focusing on promoting small- and medium-sized enterprise development.
Increasing Business Competitiveness
Jordan
Financial Markets International
FY03 $706,434
This grant sets up the Jordan Financial and Operational Restructuring Project to increase the competitiveness of Jordanian small- and medium-sized enterprises and to improve their access to credit.
Boosting Technology Sectors
Tunisia
U.S. Department of Commerce Commercial Law Development Program
FY03 $460,000
The program works with small- and medium-sized enterprises in the technology sector. It provides technical assistance to local institutions to develop a curriculum that addresses the critical need for managers who can handle both the business and technical aspects of a project.
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