MENA-OECD Investment Programme - Steering Group Meeting

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Cairo, 18 May 2006

Objectives

The key purpose of this 5th meeting of the MENA-OECD Investment Programme’s Steering Group was to decide on the plan of work for 2006-2007, following the results and recommendations that evolved from the MENA Investment Ministerial meeting which took place on 14 February 2006 in Jordan. The Steering Group also discussed the forthcoming National Reform Agenda Workshops, Task Force and Working Group meetings.

The Steering Group reviewed the progress made by MENA countries in developing and implementing National Investment Reform Agendas. Meanwhile a number of additional MENA countries have elaborated their National Investment Reform Agendas. These countries were asked to present the items they agreed upon to the Steering Group and all countries were invited to report on reform progress made. Partner organisations were asked to consider target areas for possible co-operation regarding MENA countries for which Investment Reform targets have been identified to date.

The regional MENA Investment Center in Bahrain and the Regional Corporate Governance Center in Dubai are in the process of being established. The structure of the Centers and their future work programme was discussed during the meeting.

Representatives of MENA and OECD countries, as well as partner organisations, attended this meeting. Key partner organisations include the World Bank, IFC, EIB, MIGA, UNIDO, WAIPA, European Commission/ANIMA, Islamic Development Bank, the Arab League and the Arab Business Council, G8 Investment Task Force, TOBB, BIAC, UMCE and the Union of Arab Banks.

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