|
23/11/09 - Marrakech - Government ministers from Arab and OECD countries ended two days of talks with a Declaration pledging continued cooperation to streamline public services and improve business conditions in the Middle East North African (MENA) region in a drive to attract investment and boost development.
The Marrakech Declaration on Governance and Investment, adopted at the close of a MENA-OECD Ministerial Conference entitled “Beyond the crisis: business and citizens at the centre of policy responses”, includes commitments to integrity and transparency in the public sector and to support for freedom of investment, trade and private sector development.
It also underlines the need to increase the participation of women in economic development and prosperity in the region.
"This declaration reflects the commitment of countries in the region to continue reforms and to act together to overcome the effects of the crisis," Nizar Baraka, Morocco’s Minister in charge of Economic Affairs, said. “In order to achieve our growth goals, we have to work together and get back to basics, putting citizens at the heart of our policies.”
Earlier, Egypt’s Minister of Investment, Mahmoud Mohieldin made a similar call: "We need to sustain the reform process and pursue regional integration in order to promote economic diversification and create employment," he told participants. Egypt chaired the OECD Initiative on Governance and Investment for Development from 2006 until now, handing over the presidency to Morocco during the course of the meeting.
Since its launch in 2005, the Initiative has led to the creation of regional centres in several MENA countries, including Bahrain, Egypt, Morocco, Tunisia and the United Arab Emirates (Dubai), focusing on such issues as corporate governance and the efficient allocation of public resources.
OECD Secretary-General Angel Gurría described the Initiative as “a model to build co-operation for the global economy of the future”. Looking ahead, Dr. Mohieldin emphasised the need for further joint work to help MENA countries build effective legal infrastructures and professional capabilities in such areas as civil, commercial, banking and financial law. Members will also explore ways to strengthen their cooperation in complementary policy areas, such as justice and rule of law.
With economic growth in the region forecast to decline to around 2.2 percent in 2009 from an annual average of 5.1 percent during 2000-2008 and oil-producing countries hit by weaker world demand for oil and lower oil prices, discussions between ministers, business and civil society during the opening sessions were focused on priorities to rekindle sustainable growth and employment.
Signs of economic stabilisation and recovery are now becoming visible, Mr. Gurría noted. But he warned that the region faces major challenges and “managing this recovery process will be difficult for all of us.”
During the course of the two-day meeting:
-
Morocco joined the 30 OECD countries and 11 others, including Egypt, in signing the OECD Declaration on International Investment and Multinational Enterprises. This is a policy commitment by governments to support an open environment for international investors and encourage responsible investment by multinational companies as a means to promote prosperity and growth.
-
Egypt, Italy, and the OECD announced the first e-government review under the MENA-OECD Governance Programme, to be financed by Italy and implemented by the OECD in 2010. This will assess Egypt’s performance in the use of Information and communications technology for dispensing government services, with a view to helping both it and other countries in the region to improve e-government policy and identify and resolve barriers to its implementation.
-
The Palestinian National Authority and the OECD announced a series of specific activities implemented by the MENA-OECD Governance Programme to reinforce capacities and support the implementation of the Palestinian Reform and Development Plan. This project is funded by Norway.
-
Ministers, business leaders and civil society representatives agreed on an action plan to foster women’s entrepreneurship and employment in the region.
-
Ministers launched a MENA-OECD Business Council to guide work with the private sector, provide policymakers with recommendations on reform priorities, strengthen the public private dialogue, generate new business opportunities and foster sector -specific contacts.
-
Reports were presented on corporate governance of banks and insolvency in the MENA region , progress on public governance reform and on the progress of investment climate.
>> For more information about the MENA-OECD Initiative please visit www.oecd.org/mena.
>> View photos of the Ministerial Meeting on Flickr and video interviews with participants on You Tube.
>> Read the Observer special edition.
|
