MEPI To Create "Free and Dynamic Economies" in the Arab World

The U.S. Middle East Partnership Initiative (MEPI) seeks to open trade opportunities "to create free and dynamic economies that can boost prosperity in the Arab world," according to Assistant Secretary of State for Economic and Business Affairs E. Anthony Wayne. Wayne was addressing the International Arab Banking Summit in Montreal, Canada, on June 25.

The MEPI initiative calls for political and civil society development, improved educational opportunities, and economic reform. The Bush administration plans to spend $100 million in 2003, and has requested $145 million for 2004, Wayne said.