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EBRD heads platform for Deauville Partnership 2014 The European Bank for Reconstruction and Development (EBRD) will host the Secretariat of the ‘Deauville Partnership IFI’ (International Financial Institution) Coordination Platform for one year. Its mandate begins from January 2014, taking over from the Islamic Development Bank, an official statement from the EBRD headquarters in London confirmed on Monday. The Deauville Partnership with Arab countries in transition was created at the G8 Summit in France in May 2011 aimed at supporting democratic transition, transparent governance and inclusive growth in Egypt, Jordan, Libya, Morocco, Tunisia and Yemen. The IFI Coordination Platform brings together the major IFIs active in the Middle East and North Africa (MENA) region. It includes among others the African Development Bank, the Arab Fund for Economic and Social Development, the Arab Monetary Fund, the EBRD, the European Investment Bank, the International Finance Corporation, and the International Monetary Fund. The EBRD, owned by 64 countries and two intergovernmental institutions, is supporting the development of market economies and democracies.
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