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Importance of Establishing Credit When Young

Under the Deauville Partnership, this Fund was launched as a response to the historic changes underway in several countries in the Middle East and North Africa MENA region and as a long-term, global initiative that provides countries in transition with a framework based on technical support to:. To provide flexibility to respond to transformational and cross-cutting proposals, the Transition Fund provides grant funding and fosters partnerships for technical cooperation projects to address a broad range of inter-related thematic areas covering all three pillars of the Deauville Partnership Finance, Trade, and Governance.

Transition Countries can make proposals across the following thematic areas:. Other countries in the MENA region may become eligible to receive financing from the Transition Fund in the future as determined by the Deauville Partnership and approved by the Steering Committee. Eligible technical cooperation can include: piloting implementation of key reforms including investments for this purpose ; knowledge development and dissemination; diagnostic work; capacity-building for strategy development, institutional and policy reform, legal and regulatory drafting, negotiation of contracts and agreements, public resource management, and investment planning; capacity-building for parliamentary oversight of government agencies; preparation including feasibility studies, etc.

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