World Banks MENA Transition Fund gets USD 37.7mn contributions.

By bne IntelliNews January 4, 2013
The Middle East and North Africa (MENA) Transition Fund has received USD 37.7mn in contributions from Canada, the United Kingdom and France to support good governance, sustainable growth and greater employment opportunities in the region, the World Bank said in a statement. The grant-based fund, established by the Deauville Partnership and housed in the World Ban, was set up in 2012 to extend grants for institution building and economic governance policies in Jordan, Egypt, Libya, Morocco, Tunisia and Yemen. The fund is a joint commitment among the G-8 members, Gulf and regional partners, and international and regional financial institutions.

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