OIC Chief stresses the need for devising an effective strategy to boost the economic growth of member states
ISTANBUL: OIC Chief Hissein Brahim Taha has stressed the need for devising an effective strategy to accelerate the economic growth of all 57 member states.
Muslim countries “need an urgent plan” to “increase economic growth, both sustainable and inclusive,” the OIC chief said in Istanbul on Monday.
Hissein Brahim Taha, speaking at the 38th permanent session of the Committee on Economic and Trade Relations (COMCEC) in Turkey, said that the power outage due to the war between Russia and Ukraine has increased the economic pressure of the epidemic.
Covid-19 left. He said the 57 member states of the Muslim League faced “permanent economic decline, as well as tourism activity”.
“Before the OIC countries could find a clear way out of this crisis, the war between Russia and Ukraine worsened the situation (due to) the interruption of energy supply,” Taha said during the meeting, which the head of Turkey’s Recep Tayyip also joined. Tayyip Erdoğan. and Vice President Fuat Oktay.
“This song shows that OIC countries need to increase food production,” he added. Calling for more trade and investment among members, Taha called on the Islamic Development Bank (IDB) to make “full efforts and cooperation” to address food security challenges among members.
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Highlighting the recent floods in Pakistan that caused the death of more than 1,700 people and economic losses of about $30 billion, Taha said that climate change has also displaced millions of people and led to a situation that “has made the country the OIC’s are worse’, including in Pakistan and some African countries.
For the OIC to “overcome these challenges quickly”, Taha said that Muslims must focus on investing in the agricultural and industrial sectors.
Calling for the promotion of the group’s strategy for 2025, Taha urged the member states to incorporate this process into their national policies.
“Creating relationships with financial and technological systems and promoting new youth jobs in the economic sector,” Taha told the 57-member Muslim community. “Intra-OIC cooperation was needed more than ever,” he stressed.
Acknowledging the support of the people and the government of Türkiye to the group, Taha said, “We pray for peace and stability in Türkiye and we reject all forms and manifestations of terrorism.
